India Cotton Fell By 300&Nbsp; Rupee /&Nbsp; Candy
Because India's Diwali fell to no spot. cotton On arrival, cotton prices in nominal transactions fell by 300 rupees / candy.
The best quality of the San card 6 varieties fell 300 rupees to 39000-39200 rupees / candy, while the lower and intermediate cotton sold 33000-37500 rupees / candy. The sale price of spot cotton or kapas cotton is 910-925 rupees / mender (20 kg). The quantity of goods arrived in Gujarat is 9000 bags of -10000 bags, 170 kilos per pack.
National commodities and derivatives transaction Kapas cotton delivered in February Fall 4.10 rupees to 729.50 rupees / Meng De, 142 of the 142 outstanding contracts, the April contract fell 7.30 rupees to 726.30 rupees, 7718 open positions.
Avadhesh Sejpal, a cotton broker at rachette, said that after the Diwali, cotton could fall by 1000 rupees / candy in the second week of November.
Global production is high. demand A reduction may bring down domestic cotton prices in India in October 2011 -2012 September. If the price is lower than the current minimum support price, the India Cotton Corp may raise the minimum supporting price.
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