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Apr 29, 2009

Cotton lint prices Up

Cotton lint prices ruled firm with good demand from the mills sector, following better yarn demand during the first fortnight of the month, according to South India Cotton Association (SICA).However, the cotton arrivals further slowed in all cotton markets, SICA in its market report for the period, said.

Lint prices rallied upward in Punjab, Haryana and Rajasthan during the current fortnight, as J-34 Saw ginned was being quoted at Rs 2,280 to Rs 2,450 per maund spot.Prices ruled firm in Gujarat, where Shankar-6 being quoted at Rs 22,300 to Rs 22,800 and V-797 at Rs 16,600 to Rs 17,200 per candy spot.In Madhya Pradesh, MECH-1/H4 ruled at Rs 22,800 per candy spot indicating a firm trend, while prices ranged between Rs 22,000 and Rs 22,700 per candy spot for 28-30 mm staple in Maharashtra.

Prices ruled upward in Andhra Pradesh, where MCU 5 quoting Rs 22,700 to Rs 23,900, while DCH-32 ruled between Rs 29.500 and Rs 32,300 per candy spot in Karnataka, witnessing an upward trend, the report said.Lint prices fiemd up during the period in Tamil Nadu, SICA said.

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