By: Navneet Saini
All India Cotton Arrivals:
-North India 23000
-Andhra Pardesh 9000
-Tamil Nadu 1000
Total Arrivals :120500+-3%.
Arrivals Little decline today voting in Gujrat, arrivals may be still slow, good improvements may be after 10 dec in Gujrat, arrivals stable to improve in South India most of APMC’s active.
-Arrivals stable today, picking is in full pace. Today narma price decline in physical market in North approx. 80 to 100 in the physical market.
Same trend in Gujrat and Maharashtra, raw cotton prices 8000 to 9000 today.
-All Gujrat APMC’s opens, now arrivals start decline due to disparity and election approx 8 to 10 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 low at present, that’s why no heavy arrivals in Gujrat at present.
MP arrivals are almost stable today. Farmer selling started arrivals will be continuous from onwards.
Maharashtra Arrivals are picking up slowly but local farmers are still reluctant to sell arrivals in Marathwada and Vidarbha region started picking up slowly. Arrivals at present are near half as compared to last year at present.
-Today Cotton is under full pressure despite no fluctuations in the International Market, very little physical buying by local mills lower levels buyer little active, today current prices market is flat to down. Today cotton price in North India are 6450 to 6750 per maund.
-Cotton seed also under full pressure today due to very weak demand in khal and oil, many stations minus in physical, now panic seen in seller today, today buyer is weak and reseller active in good centers, prices declined in some station other stations almost flat to downside due to good Arrivals buyer is not interested at all in forward but ready for ready load, khal demand very weak…no bulk buying is observed due to high rates, today no major business in seed and cake till now, full pressure in physical market, Today in khal some centers flat to 50 to 70 down all over, now demat trade started now no major fluctuations will be seen in ncdex cocud.
-South Cotton seed bargains speedily up for north as arrivals improve in Telangana, this year quality is superior after long, Today very good bargains from South side prices also increase but buyer not much interested. Price range 3000 to 3700 south spot.
-Further arrivals will improve in coming days, after all APMC’s open, rest depends on weather and prices
-Oil market looks flat to positive today after profit bookings in last few days..wash price currently weak, no major demands, due to wash price down huge disparity to Oil Millers, if same thing continues than it will be very hard to manage.