Today’s (2-Dec-11)

Cotton prices stable in south India :-

Cotton prices were mostly stable in south India Thursday, although demand reported at lower level.

In Allahabad, new cotton traded at Rupees 34,000-34,500 per candy. In Guntur, 30/32 MM cotton offered at Rupees 35,000- 35,500 a candy. In Warangal, 30/31 MM cotton quoted at Rupees 34,000- 34,500 a candy.

In Karnataka, Jaidhar 22+ MM cotton traded at Rupees 26,000- 27,000 a candy, 28 MM quoted at Rupees 32,500- 33,000 a candy, 29 MM at Rupees 34,000- 34,500 a candy and 30 MM at Rupees 34,500-35,000 per candy. DCH cotton traded at Rupees 37,000- 40,000 a candy.