Cotton Lint Price Sees Steady Trend

Coimbatore: Cotton lint prices during the current fortnight remained firm, despite an all round projection of a higher new crop. The Bengal Deshi variety was estimated at Rs 1,600-Rs 1,700 per maund (of 37.3242 kg) in the spot market in Punjab, Haryana and Rajasthan. The J-34 was estimated at Rs 1,900-Rs 2,000 per maund. Gujarat's Shankar-6 ruled at Rs 19,500-Rs 20,500 per candy (of 355.56 kg) and the other popular variety V-797 was quoted at Rs 15,000-Rs 15,300 per candy. The rates for the MECH1/H4 from Madhya Pradesh were at Rs 19,000-Rs 20,000 per candy, whereas the lint from Maharashtra prevailed in the Rs 18,000-Rs 19,500 price band. The rates of DCH-32 from Karnataka continued firm at Rs 31,000-Rs 31,500. The SICA market report said the latest cotton arrivals indicated a volume of 279.45 lakh bales (of 170 kg ) as against the total crop size of 280 lakh bales.