BY: Navneet Saini
All India Cotton Arrivals:
-North India 25000
-Andhra Pradesh 10000
-Tamil Nadu 1000
Total Arrivals :129000+-3%.
Arrivals steady to improved today but Arrivals still down in Gujrat due to ginners not interested due to disparity and elections, stable to up in South India APMC’s.
-Arrivals stable to up from last week, picking is in full pace. Today narma price decline in physical market in North approx. 70 to 100. in the physical market.
Same trend in Gujrat and Maharashtra, raw cotton prices 8200 to 9400 today.
-All Gujrat APMC’s opens, now arrivals start decline due to disparity and election approx. 12 to 14 thousand, rest directly coming to ginning but arrivals still low despite as good crop now many factories not interested…Farmers still hoping for price rise.
One major observation is that almost one third of arrivals come in Gujrat only that’s why no major pressure is observed all over.
Cotton arrivals in MP 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 are Vidarbha region started picking up slowly. Arrivals at present are one third as compared to last year at present.
-Today Cotton traded flat to little up due to International Market and little physical buying by local mills lower levels buyer little active, today current prices market is flat. Today cotton price in North India is 6600 to 6800 per Maund.
-Cotton seed flat to upside today due to little demand in khal and oil, but many stations minus in physical, but no major panic seen in seller today, but still today buyer is weak and reseller active in good centers, prices declined in some station other stations almost flat to upside due to good Arrivals buyer is not interested at all in forward but ready for ready load, khal demand 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 20 to 30 up all over.
-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 3900 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 weak today after profit bookings in last few days wash price currently weak but market may turn positive soon.