Cotton Price Firms Up In Maharashtra On Lackluster Selling Activity

MUMBAI(Commoditiescontrol): Cotton price firmed up Rs 200/candy in the market of Maharashtra from the overnight levels on lackluster selling activity. Prices surged by Rs 500-800/candy in the Akola and Jalgaon market of Maharashtra tracking strong global cues.

Sellers were quoting prices however no trade was reported at present level prices.

Today, the benchmark February contract on the MCX Futures last traded (12:19 IST) tad up 0.1 percent or Rs 30 at Rs 20,140/bale (170 kg each) compared to its previous settlement at Rs 20,110/bale.

Cotton arrivals in Maharashtra were at 45,000 bales, unchanged from January 17.

Kapas traded up by Rs 100-150 at Rs 5,400-5,650/quintal compared to previous day at Rs 5,300-5,500/quintal.



(By Commoditiescontrol Bureau; +91-22-40015534)