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Last Updated : 08 March 2010 at 16:45 IST
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Cotton arrivals fall 2.9%: Gujarat tops in production

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MUMBAI (Commodity Online): According to recent statistics provided by the central cotton body, Cotton Corporation of India (CCI), the cotton arrivals in India have fallen as much as 2.9% year-on-year for the period October 1 –March 6, 2010.

As per the provided figures, the cotton arrivals in India is seen falling during Oct 1-Mar 6, which was 23.1 million bales (1 bale=170 kg), down 2.9% from a year back levels.

Arrivals in Gujarat during the same period were 7.60 million bales, up 21.6% on year. Gujarat has emerged as the country's largest cotton producing state. In Maharashtra, arrivals were lower by 20.7% at 4.8 million bales.

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In north Indian states of Punjab, Rajasthan and Haryana, arrivals were lower by 0.4% at 3.58 million bales. Punjab witnessed arrivals of 1.3 million bales, down 18.8% from a year ago. Arrivals in Haryana were 1.30 million bales compared with 1.28 million bales a year ago. Rajasthan arrivals were higher by 37.3% at 975,000 bales during the same period.

Arrivals for southern states of Andhra Pradesh, Karnataka and Tamil Nadu stood at 4.84 million bales, down 6.7% from a year earlier. Andhra Pradesh arrivals were down 9.4% at 4 million bales during the same period. Spot cotton prices on NCDEX remained lower at Rs.588.4 down by 0.57% from its previous close.
MCX GOLD.995 04 August 2012 contract was trading at Rs 28520 , up Rs. 133 . What's your view on it?
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