By: Navneet Saini
All India Cotton Arrivals
-North India 16000
-Andhra Pradesh 7000
-Tamil Nadu 1000
Total Arrivals :129500+-3%.
Arrivals steady to down today due to panic situation yesterday and price decline due to corona fear, arrivals still slow, good improvements is expected in Gujrat as arrivals improving slowly, arrivals stable to improve in South India most of APMC’s active.
-Arrivals stable to slow today picking is in full pace.. Today cotton price up after free fall yesterday, physical market in North India approx. 7600 to 8300.. in physical market.
Same trend in Gujrat and Maharashtra, raw cotton prices 7200 to 8200 today.
-All Gujrat APMC’s opens, now arrivals start decline due to disparity and election approx. 12 to15 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 down today ..farmer selling still slowly.
- Maharashtra Arrivals 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 prices stable to up good buyer in market for physical buying big mills are 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 5800 to 6200 per maund.
CCI started commercial purchase from open market in Maharashtra, Telangana and Orrisa. today Kappas price 7500 to 7600 soon few more center may start.
-Cotton seed stable to up today due to demand in khal and market plus in oil, many stations up in physical, now panic seems over in seller, today buyer is active and seller is active in good centers, prices increase 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 on higher levels due to NCDEX movement, buyer now not interested. little buying is observed no bulk buying is observed due to high rates today good business in seed and cake till now, market in silent zone, Today khal some center stable to 20 to 30 plus 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 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 is positive today, after profit bookings wash price currently on upside price may reach 1200 to 1220 in coming days, Little demands starts, 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 cold wave setting in North India soon very much needed for rabi crops.