Fibers

COTTON MARKET UPDATE

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The total cotton output in the country is estimated to be 362 lakh bales for the 2015-16 seasons, which began on October 1, as per data compiled by the (CAI). This estimate is 8.50 lakh bales lower than the October estimate of 370.50 lakh bales. The total output for the cotton season 2014-15 stood at 382.75 lakh bales. The total crop estimated in the northern zone during the season 2015-16 is 43 lakh bls.

AP/TLGN Cotton prices prevailed unmoved trend between 33500/34500.Buyers are doing selective purchases and are waiting for the price to lower down. Most of the Buyers and sellers are still into wait and watch policy, low trading activity reported in the market in most south market due to festival mood.

On 01-01-2015, GUJ cotton market was steady with moderate trading activity, very few sellers were active in the market, Bargains reported between 33800/34200 (Good quality bales). Seed offered at Rs 475/90.

Tentative situation prevailed in MH/MP market, price disparity seen between ginners & buyers, most of farmers still hold their kapas & expecting better price in future. There were very few sellers active in the market, buyers also adopted a wait & watch policy.

Mr.-Manish-Daga logo_couton

 

 

Mr. Manish Daga
E-mail: manish@cottonguru.org,
info@cottonguru.org