By admin       2017-01-03

Cotton prices moved up on the back of rising demand from domestic mills. Moreover, good export enquiries and tight supplies at the producing States have supported the cotton price to increase on Monday. Traders said at present, cotton supply is tight and domestic mills’ demand increased which lifted cotton prices. On the other hand, enquiries from exporters are higher. Gujarat Sankar-6 cotton was up ₹100 to ₹39,900-40,200 per candy of 356 kg. About 22,000 bales of 170 kg arrived in Gujarat and 1.35 lakh bales arrived in India. Kapas or raw cotton traded up on strong demand for cottonseed from oil millers. Kapas gained ₹10 to ₹1,040-80 per 20 kg and gin delivery kapas stood at ₹1,080-1,120. Cottonseed traded up by ₹10 to ₹480-520 per 20 kg.

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