By admin       2017-02-21

RAJKOT, FEBRUARY 20: Rising arrival put pressure on cotton price on Monday. With this, downtrend in foreign markets and slow export demand also weighted the cotton price.Trader said, Gradually cotton arrival has improved in this month from 35,000 bales to 45,000 bales a day in Gujarat. Similarly, supply of cotton in India has gone up to 1.90 lakh bales. Gujarat Sankar-6 cotton decreased by Rs. 300 to Rs. 41,800-42,300 per candy of 356 kg. Kapas or raw cotton was declined by Rs. 15 to Rs. 1,050-1,120 per 20 kg and gin delivery kapas was quoted Rs. 1,120-1,165 per 20 kg.The Cotton Association of India (CAI) has estimated 341 lakh bales of cotton production for the year 2016-17. The association has however increased cotton consumption for the ongoing crop year to 295 lakh bales against its previous estimate of 290 lakh bales.

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