Cotton blooms on global cues

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August 18, 2015 Rajkot, August 17:

Cotton prices continued to move up on delay in rain and negative outlook report of cotton in international market. Kapas or raw cotton was also traded higher on slow arrival. Gujarat Sankar-6 cotton gained ₹200 to ₹33,800-34,500 per candy of 356 kg. About 1,000 bales of 170 kg each arrived in Gujarat and 3,000 bales arrived in India. However, traders said that price will not increase much in coming days as overall demand is weak and sowing so far is much better across India. Kapas was up ₹10 to ₹920-945 per 20 kg and gin delivery kapas was ₹950-970. Cottonseed was up ₹7 to ₹450-470.

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