Cotton Market Bulletin - 10th February 2023

Yarn Prices as on 10th February 2023:

Prices FOB / Kg Indian Port

LC at Sight:

Ne 20/1 Carded Hosiery Yarn

USD 2.85 / INR 232.00

Ne 20/1 Combed Hosiery Yarn

USD 3.03 / INR 247.00

Ne 21/1 Carded Weaving Yarn

USD 2.85 / INR 232.00

Ne 26/1 Combed Hosiery Yarn

USD 3.14 / INR 256.00

Ne 30/1 Carded Hosiery Yarn

USD 3.06 / INR 249.00

Ne 30/1 Combed Hosiery Yarn

USD 3.21 / INR 262.00

Ne 32/1 Carded Weaving Yarn

USD 3.18 / INR 259.00

Ne 34/1 Combed Hosiery Yarn

USD 3.42 / INR 279.00

Ne 40/1 Combed Hosiery Yarn

USD 3.61 / INR 294.00

Ne 40/1 Carded Weaving Yarn

USD 3.36 / INR 274.00

Ne 30/2 Carded Hosiery Yarn

USD 3.36 / INR 274.00

Ne 32/2 Combed Knitting Yarn

USD 3.73 / INR 304.00

Ne 32/2 Carded Hosiery Yarn

USD 3.42 / INR 279.00

Ne 40/2 Combed Hosiery Yarn

USD 4.16 / INR 339.00

Ne 30/1 Combed Compact Weaving Yarn

USD 3.42 / INR 279.00

Ne 40/1 Combed Compact Weaving Yarn

USD 3.73 / INR 304.00

Ne 50/1 Combed Compact Weaving Yarn

USD 4.04 / INR 329.00

Ne 16/1 Open End Yarn

USD 2.32 / INR 189.00

Ne 21/1 Open End Yarn

USD 2.50 / INR 204.00

Ne 24/1 Open End Yarn

USD 2.81 / INR 229.00

HARYANA (J-34)

PUNJAB (J-34) 

 Rate S/G* (Ready) Rate R/G* (Ready)SIRSA / KALAWALI / DABWALI HISSAR / ADAMPUR UCHANA / BARWALA Arrival (Bales)

Rate S/G* (Ready) Rate R/G* (Ready)MANSAMUKTSARBHATINDAABOHAR Arrival (Bales)

 Rate S/G* (Ready) Rate R/G* (Ready) SRI GANGANAGAR / HANUMANGARHPILANI ANUPGARH GHARSANA PADAMPUR / RAVATSAR

LOWER RAJASTHAN (J-34)  Rate**(Ready)Estimated Length HVI J-34 (Marwar / Bhilwara / Mewar Line ) 28 to 29 mm (as per quality wise) J-34 (Khairthal / Alwar / Behror) 28.5 mm (as per quality wise) J-34 (Beawar / Kekri / Bilara / Rani / Sumerpur)  28.5 mm (as per quality wise)

60800-61800

60800-61800

61000-62000

62000-62500

 Arrival (Bales)

40000

59000-60000

60500-61500

61500-62000

66000-68000

 Arrival (Bales)

13000

45000-46000

60500-61000

61500-62000

45000

61000-62000

61000-62000

61000-62500

 Arrival (Bales)

17000

61000-61500

62000-62500

67500-69500

 Arrival (Bales)

13000

61500-62000

62000-62500

 Arrival (Bales)

9000

MARKET OUTLOOK

• Today, the BSE Sensex opened at a level of 60703.64 points with a fall of 102.58 points. On the other hand, the NSE's Nifty opened at a level of 17860.00 points with a fall of 33.50 points. • Today, the rupee opened at a level of Rs 82.63 against the dollar with a weakness of 12 paise. On the other hand, on Thursday, the rupee closed at a level of Rs 82.51 against the dollar with a weakness of 1 paise. • New Delhi: Home textile exports from India are expected to fall 16-18% year-on-year in FY23 with a slowdown in demand, especially from the US and Europe, and increase in material and logistic costs, according to a report by Care Edge Ratings. • LAHORE: Cotton seed companies allege that unre­gistered players in the market are selling unprocessed and spurious seed in Sindh and coupled with other factors this is damaging crop yield in the province. • The U.S. Agriculture department late on Wednesday reduced Egypt's cotton imports by 23.8% due to lower domestic use.

North Zone: Cotton traded steady tone across major spot market of north India on Friday. Prices were quoted up to 25-50 / maund yesterday evening. Today weather clear. New crop - cotton traded at ready delivery - In Punjab, Rs 6,225-6,325 a maund. In Haryana, it offered at Rs 6,300-6,400 a maund. while in Upper Rajasthan, quoted readty delivery at Rs 6,425-6,525 a maund.

Central Zone: Cotton spot prices steady tone across west India market on Friday. Sankar-6, new crop 29 mm (RD-75 & MIC-3.8), in Gujarat traded at Rs 61,500-62,000 a candy and 28.5mm (RD-74) quoted at Rs.60,500-61,000 a candy. V-797 trade at Rs 45,000-46,000 (12-15% trash condition) a candy for February / March delivery. While in Maharashtra, new crop good grade cotton (29mm) quoted at Rs 60,500-61,000 a candy.

South Zone: Cotton spot price was steady tone across the major trading centers of south India.