Cotton slips further on poor buying

By admin       2016-07-26

Cotton prices moved down on the back of weak demand from domestic mills at the higher level. Kapas or raw cotton, however, remained unchanged. Gujarat Sankar-6 cotton was down by Rs300-500 to Rs46,000-47,000 per candy of 356 kg. About 2,000 bales of 170 kg arrived in Gujarat and 5,000 bales arrived in India. Kapas was at Rs1,225-80 per 20 kg and gin delivery kapas stood at Rs1,280-1,320. Cottonseed edged down by Rs5 to Rs625-635 on slack buying by crushers

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