Decline In Cotton Prices In India Textile Mills

Monday, India textile mill Weak demand dragged cotton Price drop In addition, most of the markets in Gujarat were closed for festivals.

According to market analysts, data from the US Department of agriculture continue to suppress market sentiment, although tight supply is likely to support prices.

The new class a S-6 trade price is 38300-38700 rupees /356 kg candy, B level transaction price is 38000-38300 rupees. The new V-797 transaction price is 30500-31000 rupees / candy.

In Maharashtra, the price of low micron clone level a (29 mm) cotton is 38000-38300 rupees / candy, and the high horse value is quoted at 38300-38700 rupees / candy.

The number of goods arriving in Gujarat is about 2000-3000 bales (170 kilograms), while the number of goods arriving in other parts of the country is 5000-6000 bales.

Northern India fiber Downturn in demand Futures are weak. Cotton ginning plants are willing to sell at current prices. In Punjab, J-34 cotton is quoted at 3865-3920 rupees / share, and quoted at 3810-3830 rupees in Raja state, at 3810-3820 rupees in Rajasthan.

Gujarat cotton Federation said that Gujarat is the largest cotton producing state in India. The cotton harvest from October 1st will be 30% less than that of 12 million last year. Its planting area may be reduced by 25% compared to 3 million hectares in 2011-12 years.