Cotton prices unchanged on Friday following moderate demand. Kapas or raw cotton traded flat as demand from ginners was limited.
Gujarat Sankar-6 cotton traded at ₹42,800-42,900/candy of 356 kg. Kapas ruled at ₹1,050-1,090 for a maund of 20 kg, while gin delivery kapas traded on ₹1,090-1,095 for a maund in Rajkot.
About 60,000 bales cotton arrived in Gujarat and 1.85 lakh bales arrived across the country.
On the National Commodity and Derivatives Exchange, kapas April contract declined by ₹3 to ₹963.50/20 kg, with an open interest of 17,585 lots.
A Rajkot-based cotton broker said that demand was moderate as prices ruled higher. Moreover, export demand is limited restricted buying by ginners. In the current situation, prices may decrease over next few days.
浙公网安33010602010414
