India: crop prices and arrivals figures lower

Prices for Shankar-6 new crop have fallen again to an average of ₹40,850 per candy, ex-gin (82.10 US cents per lb at the prevailing exchange rate). Quotes for new crop Punjab J-34 are also lower today at ₹4,230 per maund (about 81.00 cents per lb).

Today’s estimate of daily seed cotton arrivals is about 158,500 lint equivalent bales (170 kgs). This figure includes 38,000 registered in Maharashtra, 37,000 in Gujarat, and 35,000 in Andhra Pradesh/Telangana. The total figure is lower than of late due to disruptions in supply in Maharashtra caused by local political protests and cold weather in the Northern Zone.

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