Market Today
1 US $ = Rs. 45.43 1 UK £ = Rs. 68.84 1 Euro = Rs. 62.12
100 YEN = Rs. 50.24 (Exchange Rate updated 08-03-2010)
weather forecast:
Northwest India: Mainly dry weather over the rest region.
East India: Mainly dry weather over the region.
Northeast India: Mainly dry weather over the region.
South India: Mainly dry weather over the rest region.
West India: Mainly dry weather over the region.
Central India: Mainly dry weather over the region.
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Buyer & Seller:
North: Cotton prices reported to be steady due to lack of demand at higher levels, slow selling from the ginners and trading were reported to be moderate as sellers were hesitant to press in fresh sales at current levels and trading was reported to be thin as most of the buyers adopted a wait and watch policy. YESTERDAY NAHAR PURCHASED AS UNDER : - 5000 BALES FROM CCI (2000 BALES IN HARYANA CIRCLE RG @ RS 27400/- SG @27200/-) (3000 BALES IN PUNJAB CIRCLE RG @ RS 28000/- SG @27800/-) , YESTERDAY SOLD GILL & CO TO ALPS GHAZIABAD SIRSA J-34 SG 2740/- & J-34 RG 2770/- TOTAL 1970 BALES TODAY PASSING CONDITION. TODAY NAHAR BOUGHT 2200 BALES BATHINDA J-34 RG FROM VIRK COTTON FACTORY @ RS 2825/- PASSING CONDITION.
Gujarat : Gujarat weather clear, market steady, activity very slow in market, Exporters not much interested at higher rates, while south millers are quite too, Some millers from north end active in 27700 – 800, bargain done in 27800 – 850 buyer sunny trexim, Ahemdabad traders & north millers. V -797 Market Steady too. V – 797 Average 19900/- to 20000/-, V – 797 Super 20100/- to 20200/-, Near about 40000 bales arrival in Gujarat.
Maharashtra and Madhya Pradesh : Cotton prices ruled steady undertone reported to be weak, with moderate demand from local mills and spinners. Most of the traders are not keen on making fresh sales at current levels and are waiting for higher prices to make sales. Trading was reported to be moderate but demand was reported to be good at current levels has mills are keen on making purchases at current levels. Few exporters found to be active at current level.
Andhra Pradesh/Karnataka : Cotton prices reported to be steady and trading was reported to be thin as most of the Sellers & buyers both adopted a wait and watch policy also no major transactions have been reported and demand has been slow from the millers and spinners at currant levels.
Kapas and Seed Rate
STATE KAPAS PER QUINTAL SEED
North 3250/3350 1400/1440
Gujarat 645/685(20kg) 260/70(20kg)
Maharashtra 3000/3250 1190/1270
Madhya Pradesh 2900/3250 1145/1250
Andhra Pradesh 3100/3300 1150/1190
Karnataka 2800/3250 1150/1170
INTERNATIONAL DEVELOPMENTS
The 2009/10 Far Eastern A-Index was down 25 points at 86.25.
Download Market Report ICAC Market Report(March-10) USDA Market Report( Feb-2010) COTTON STATISTICS & NEWS (Cotton Association of India) Cotton Fact sheet of India (ICAC.org)
source:- indiancommodities.com,nafed,icac, cai etc