By: Navneet Saini
All India Cotton Arrivals
-North India 15000
-Andhra Pradesh 7000
-Tamil Nadu 1000
Total Arrivals :127000+-3%.
Arrivals steady to down today (festive season in south and price decline) raw cotton price starts declining, farmers still reluctant to sell, arrivals still slow as compared to previous seasons, good improvements is expected in Gujrat as arrivals improving slowly, arrivals stable to up in South India most of APMC’s active.
-Arrivals stable to down today picking is in full pace. Today narma price stable to down, physical market in North India approx 8000 to 8600.. in physical market.
Same trend in Gujrat and Maharashtra, raw cotton prices 7500 to 8800 today.
-All Gujrat APMC’s opens, now arrivals in APMC is 12 to13 thousand rest directly coming to ginning but arrivals still low despite good crop, now many factories not interested due to disparity…Farmers still hoping for price rise.
Arrivals from outer states are start improving at present that’s why little increase in arrivals Gujrat at present.
- MP arrivals are stable to up today. farmer selling still slowly.
-Maharashtra Arrivals picking up, but some downtrend is observed after price decline local farmers are still reluctant to sell.. arrivals in Marathwada and Vidarbha region started picking up, today little declined
-Today Cotton prices stable to up in evening now buyer is little active in market, for physical buying big mills are also active, little physical buying by local mills.. lower levels buyer active, today current prices market is upside down. Today cotton price in North India are 6200 to 6550 per Maund. Central India cotton bargains are at 60500 to 62000 up in evening
- CCI started commercial purchase from open market in Maharashtra, Telangana and Orrisa. today kapas price 7900 to 8400 soon few more center may start.
- Cotton seed stable to down today due to khal weakness now market in wash is also down, many stations down in physical, now Little panic starts today in seller, today buyer is inactive and seller is active in good centers, prices decrease on some stations other stations almost flat due to dull demand, but still buyer is not interested at all in forward but ready for ready load.
- Khal buyer very weak today, market slide from higher levels due NCDEX movement and arrivals improvement very Slow buying is observed today, no bulk buying is observed due to high rates, today good business in seed and cake till now, Today khal some center stable to down 20 to 30 all over from yesterday
-South Cotton seed bargains speedily up for north as arrivals improve in Telangana, this year quality is superior after long, Today very dull business from South side prices also decreased but buyer and seller not much interested. Price range 3400 to 3800 south spot. Now seed seller is much active but demand is very slow at current prices.
-Furthur arrivals will improve in coming days, after all APMC’s open, rest depends on weather and prices..
-Oil market is stable to down today, after profit bookings. wash price currently on upside price may reach due to weak wash price huge disparity to Oil Millers, if same thing continues than it will be very hard to manage.
- Weather will be almost clear in most of India.. a weak Western disturbance is over North India. slow rainfall activities possible.. cold wave setting in North India. very much needed for rabi crops.
- All views are personal, based upon research..plz consult from your trusted partners to take any call based on information.