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Rains Keep Cotton Prices Firm

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BSCAL
Last Updated : Nov 11 1997 | 12:00 AM IST

Cotton prices continued to rally as unseasonal rains limited arrivals of new crop for mills seeking supplies, traders said.

In the spot deals, Bengal deshi rose by Rs 25/50 to Rs 1,175/1,220 per maund (37.32 kg) while Punjab saw-ginned rose by Rs 15 to Rs 1,750/1,930 per maund.

"Late rain may reduce crop size and may deteriorate quality of new crop cotton," they said.

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Meanwhile, Gujarat varieties were mixed as long-staple cotton was steady and medium-staple varieties were firm..

Gujarat Sankar-4 was quiet at Rs 20,000/20,500 per candy while Kalyan cotton rose by Rs 100 to Rs 14,900/15,000.

Wagad rose by Rs 300 to Rs 13,500 per candy.

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First Published: Nov 11 1997 | 12:00 AM IST

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