India: local prices and arrivals

Domestic prices for raw cotton have seen modest changes today. Shankar-6 is quoted at ₹41,850 per candy, ex gin (72.25 cents per lb). Punjab J-34 is slightly firm at ₹4,333 per maund (71.25 cents per lb).

Tuesday’s list for the CCI auction included 295,400 bales from the current crop, 942,050 from 2019/20, and 3,000 from 2018/19.  Floor prices were again unchanged.

Today’s private estimate of arrivals across the country is 280,500 lint equivalent bales, including 72,000 from Maharashtra, 57,000 from Telangana, 56,000 from Gujarat, and 43,000 from the Northern Zone.

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