Select cotton ease on larger stock arrival

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Mumbai, Sep 24 (UNI) Key cotton prices today drifted lower by Rs 200 per candy on thin spinners demand in view of larger stock arrivals from Gujarat, Karnataka and Punjab, traders at the East India Cotton Association said.

Trading in cotton market will be officially closed tomorrow on account of 'Ganpati immersion', traders added.

Following are the spot cotton rates per candy (350 kg) in Rupees: Bengal Desi: 15,300, V-797: 16,000, Karnataka Jayadhar: 15,400, V-1: 17,600, Punjab J-34: 18,800, NHH-44: 18,300, LRA: 19,200, H-4: 19,800, S-6-A grade: 20,100, Bunny/Brahma: 21,000, MCU-5: 21,200, DCH-32: 22,200, 35-MM: 32,100, Hedge Contract: 19,700.


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