By: Navneet Saini
All India Cotton Arrivals:
-North India 24000
-Andhra Pardesh 9000
-Tamil Nadu 1000
Total Arrivals :124000+-3%.
Arrivals steady to declined today all over, Arrivals 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.
Arrivals from outer states are low at present, that’s why there are 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 are Vidarbha region started picking up slowly. Arrivals at present are one third as compared to last year at present.
-Today Cotton traded 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 6650 to 6900 per maund.
-Cotton seed flat to down today due to very weak demand in khal and oil, many stations minus in physical, now 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 down 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 3800 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.