Cotton Lint Prices Remain Steady

Coimbatore: Cotton lint prices continued firm during the first fortnight of May. According to the South India Cotton Mills' Association sources, seed cotton arrivals remained in small quantities in Gujarat during the last fortnight. The latest survey reveals that the arrival volumes (all India) crossed 256 lakh bales so far against 222 lakh bales during the corresponding period of the earlier year. Desi lots quoted between Rs 1,500 and Rs 1,650 per maund spot, whereas the J 34 saw ginned ruled between Rs 1,860 and Rs 1,920 per maund spot. Market continued steady in Gujarat and Madhya Pradesh. Shankar 6 ranged between Rs 18,500 and Rs 18,800 per candy spot, V797 in the Rs 14,700 and Rs 15,000/candy range and the MECH 1 and H4 around Rs 18,500/candy. In Maharashtra, lint prices ranged between Rs 17,800-18,800 for fibre with 28 to 30mm strength. Andhra Pradesh MCU 5 ruled between Rs 19,600-21,800/candy. DCH 32 (Karnataka) touched a high of Rs 32,000/candy.