Cotton Market Watch(Weekly)

 

COTTON MARKET REPORT 01-02-2012

Exchange Rate:- as on 31-01-2012

1 US $ = Rs.49.68 UK £ = Rs.78.17 Euro = Rs.65.51 100 YEN = Rs.65.18

North India : Trading and prices both showed improvements on the cotton market. Demand has been good from local mills and spinners who were active at the current levels but were hesitant at higher levels. Cotton prices improved by Rs. 20 to 35/- per maund during the day on good demand from the mills and spinners. Undertone was firm towards the close. Main buyers reported to be VPL, VARDHMAN, Bhagwati, Nahar Groups, TRIDENT, NEW OSWAL, KCT etc.


Gujarat:

Gujarat: Cotton market steady trend, few buyers demanding at higher levels, others adopted wait & watch policy, yesterday evening bargain done in range of Rs. 36500 to 36800/- levels and Rs. 36500/- buyers Radha Lakshmi, Rs. 36700 to 36800/- levels, Sunny Trexim, Atlanta export, and north millers, today quoted Rs. 36700 to 36800 kofr super quality and Rs. 36400 to 36500 for average quality. V-797 quoted Rs. 26000 to 26300/- levels. Kapas market slightly firm.


Maharashtra & Madhya Pradesh:

Maharashtra/Madhya Pradesh : Market slow and major International parties away from the cotton market. MECH-1 29mm Rs. 35400 to 35700/- levels (Mic 3.7) and low mic Rs. 33500 to 34000/- levels (3.2 mic). Though ginners were quoting higher prices mills were hesitant to make purchase at current levels and were adopting a wait and watch policy. Ginners are in no mood to sell cotton at current prices and are expecting prices to improve further

 

Andhra Pradesh/Karnataka:

Andhra Pradesh/Karnataka:Cotton prices opened on a steady note but as the day progress lack of sellers helped in prices improving from the current levels. Sellers are not in a mood to lower the rates while buyers were asking at lower levels.

 

Download Market Report
ICAC Market Report(Jan-2011)
USDA Market Report(Jan-2011)
CAB Meeting Dated 25-07-2011


source:- Above information formulated as per Various cotton Market reports and other sources.