The all India kappas (seed cotton) arrivals till 15th March have crossed the 2.35 crore bales and the all India daily kappas arrivals have dropped to around one lakh bales per day as the farmers are bringing their stocked kappas in a restricted manner under the hope of receiving Rs.5000/- per quintal in states like Maharashtra, Andhra Pradesh and Gujarat.
PUNJAB, HARYANA AND RAJASTHAN:
Kappas arrivals have dropped to approximately 15000 bales per day in this region. Local Mills are actively buying cotton even though the prices have gone up by Rs.40 per maund in the last two days. The prices quoted for J-34 r/g in Punjab was Rs.4280/- per maund spot while in Haryana quotation for J-34 r/g was Rs.4200/- per maund spot and in Rajasthan J-34 r/g was quoted at Rs.4180/- per maund.spot Bengal Desi s/g was quoted at Rs.3800/- per maund spot .
GUJARAT:
Kappas arrivals everyday was approximately 35000 bales in Gujarat at present. Good buying was reported mainly from North Mills. Prices quoted for good quality S-6 cotton was Rs.39,200/-Spot per candy while average quality S-6 was sold at Rs.38,500/- Spot.per candy V-797 r/g was quoted at Rs.29,200/-Spot per candy .
MAHARASHTRA:
Daily kappas arrivals were approximately 25000 bales. Good enquiry was reported from both North and South mills in this region. Prices quoted for good quality 30mm Bunny was Rs,39000/-Spot per candy while 29mm Mech-1 was quoted at Rs.38,600/-Spot per candy and low micronaire cotton was priced at Rs.37,500/-Spot per candy.
MADHYA PRADESH:
Kappas arrivals are dropping down quickly. Good quality Bunny was quoted at Rs.39,000/-Spot per candy and DCH-32 was quoted at 48,500/-Spot per candy. In M.P.top quality DCH.32 with 35mm S.L is getting depleted in Quantity and out of total crop estimation of about One lakh bales, about 5000 to 6000 bales of top quality is lying with Ginners and Traders. Major quantity, this year was exported to Bangladesh and Pakistan through Calcutta based Traders.
ANDHRA PRADESH:
Arrivals are very poor and in centres like Adilabad good quality 29mm bunny wad quoted at Rs.39,500/ -Spot per candy while in Guntur 30mm Bunny was sold at Rs.40100/- Spot per candy and in centres like Warangal 29mm Bunny was transacted at Rs.39,600/-Spot per candy. At centres like Adoni 28mm cotton was sold at Rs.38500/-Spot per candy.
Quality is average and lot of variation in length is observed in most centres as Farmers are bringing 15% kappas of present arrivals mixed with their old stocked kappas which cannot be segregated. More of immature kappas has also started arriving since last month as the third pick of kappas was started.
KARNATAKA:
Kappas arrivals are very poor in this region. Good quality 30mm bunny was sold at Rs.40,500/-Spot per candy at centres like Hubli and Raichur while 29mm good quality Bunny was transacted at Rs.39,500/- Spot.Dch-32 was being quoted at Rs.49,500/-Spot. Jaydhar kappas has started arriving in North Karnataka at centres surrounding Hubli at stations like Gadag,Annigiri,Kundagol,etc and crop may be approximately 25,000 bales. Price quoted for Jayadhar cotton is Rs.33,000/-Spot per candy.
TAMILNADU:
Dch-32 Cotton has started arriving at centres like Uthangarai, Madapally, Tirupattur, Konganapuram. There is 15% mixture of Surabhi cotton in the present Dch-32 arrivals and cotton is sold at Rs.51,000/-Spot per candy. The Dch-32 crop size is expected to be approximately 50,000 bales.
INTERNATIONAL:
The New York Futures for May has firmed up to 92cents per lbs. The cotlook index has touched 102 cents per lbs. China has allowed its textile industry to import cotton and Yarn.
