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| Cotton Sheds |
The News at Mumbai commodity is that Cotton prices of a candy is sheded in the range of Rs 400-500 in Gujarat while prices Maharashtra and Madhya Pradesh is lower down by Rs 200-300 of a candy on Monday showing sluggish demand in commodity trading market.
In Gujarat grade A S-6 cotton traded at Rs 59,700- 60,000 per candy while prices of V-797 cotton remained at Rs 47,000- 48,000 per candy.
New crop (10-12% moisture) quoted at Rs 59,500- 60,000 a candy in Khandesh and Vidarbha, Maharashtra while it offered at Rs 59,000- 59,500 a candy in Madhya Pradesh. The changes of cotton industry regarding prices is sheding down side making the market for cotton bearish.
