Wait...

Online Export Import Data Search

Recent Searches: No Recent Searches
Complete Training Video : Click Here

Cotton price touches fresh high of Rs 18,850 per bale in October series.


Date: 12-10-2020
Subject: Cotton price touches fresh high of Rs 18,850 per bale in October series
Cotton futures edged higher at Rs 18,850 per bale on October 12 as participants widened their positions as seen from open interest. Cotton had gained 2.02 percent last week on the MCX to settle at Rs 18,600/bale.

“Shorts continued to cover in near month while longs were seen accumulating in next month futures as market expects Cotton Corporation of India (CCI) to increase the pace of procurement in coming weeks,” said Mohit Vyas, analyst at Kotak Securities.

Vyas expects some consolidation in cotton in next couple of sessions before WASDE report tonight, but CCI procuring cotton at MSP and expectation of good export demand will keep cotton steady with positive bias.

Indian cotton prices were getting support from gains in ICE cotton futures, recovery in crude oil, improved demand from ginners and millers, and US Department of Agriculture's move to reduce world cotton closing stock forecast for 2020-21.

In the futures market, cotton for October delivery touched an intraday high of Rs 18,850 and an intraday low of Rs 18,660 per bale on the MCX. So far in the current series, the commodity has touched a low of Rs 16,060 and a high of Rs 18,850.

Cotton futures for October delivery gained Rs 240, or 1.29 percent, to Rs 18,850 per bale at 14:37 hours IST on a business turnover of 617 lots. The same for November contract soared Rs 240, or 1.28 percent, at Rs 19,000 per bale with a business volume of 481 lots.

The value of October and November’s contracts traded so far is Rs 8.04 crore and Rs 7.11 crore, respectively.

Kotak Securities expects Cotton to continue with marginal gains for the near future.

Source:-moneycontrol.com

Get Sample Now

Which service(s) are you interested in?
 Export Data
 Import Data
 Both
 Buyers
 Suppliers
 Both
OR
 Exim Help
+


What is New?

Date: 26-11-2020
Notification No. 43/2020-Customs
Seeks to further amend notification No. 50/2017-Customs dated 30th June, 2017 so as to prescribe BCD rate of 27.5% on Crude Palm Oil

Date: 26-11-2020
Notification No. 39/2020-Customs (ADD)
Seeks to amend notification No. 51/2015-Customs (ADD), dated 21st October, 2015 to extend the levy of ADD on imports of "Fully Drawn or Fully Oriented Yarn/Spin Drawn Yarn/Flat Yarn of Polyester " originating in or exported from China PR & Thailand , for a further period upto and inclusive of 31st December, 2020

Date: 26-11-2020
Public Notice No. 30/2015-20
Revision of SION A1827 of Export Products - Ossein

Date: 23-11-2020
A.P. (DIR Series) Circular No. 07
Establishment of Branch Office (BO) / Liaison Office (LO) / Project Office (PO) or any other place of business in India by foreign law firms

Date: 20-11-2020
Circular No.51/2020-Customs
Clarifications regarding availment of exemption on temporary import of durable Containers - reg.

Date: 19-11-2020
Notification No. 60/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 19-11-2020
Notification No. 61/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 19-11-2020
Notification No. 59/2020-Customs (N.T./CAA/DRI)
Appointment of CAA by Pr. DGRI

Date: 19-11-2020
Notification No. 38/2020 -Customs (ADD)
Seeks to further amend notification No. 56/2015-Customs (ADD) dated 4th Dec, 2015 to extend the levy of Anti-Dumping duty on Phthalic Anhydride originating in or exported from Japan and Russia, up to and inclusive of 31st Jan, 2021.

Date: 19-11-2020
Notification No. 108/2020 - Customs (N.T.)
Exchange rate Notification No.108/2020-Cus (NT) dated 19.11.2020



Exim Guru Copyright © 1999-2020 Exim Guru. All Rights Reserved.
The information presented on the site is believed to be accurate. However, InfodriveIndia takes no legal responsibilities for the validity of the information.
Please read our Terms of Use and Privacy Policy before you use this Export Import Data Directory.

EximGuru.com

C/o InfodriveIndia Pvt Ltd
F-19, Pocket F, Okhla Phase-I
Okhla Industrial Area
New Delhi - 110020, India
Phone : 011 - 40703001