India: local prices higher

Prices in the domestic lint market have increased today. Shankar-6 has risen by ₹100 to ₹54,300 per candy, ex gin (approximately 80.75 US cents per lb), while Punjab J-34 has edged higher to ₹5,630 per maund, ex gin (79.80 cents per lb).

The floor price for Shankar-6 at the Cotton Corporation of India (CCI) auction is unchanged for the seventh consecutive day at ₹55,600 per candy (82.70 cents per lb). Around 990,000 bales are on offer, of which approximately 12,000 are from the 2023/24 season.

Daily seed cotton arrivals are estimated at 41,600 lint equivalent bales. Of the total, 17,000 were from Gujarat, 16,000 were from Maharashtra, and 2,600 were from the Northern Zone.

Posted in: Cotlook Headlines