Decline in cotton prices

On Monday (21 February 2011), the cotton prices dropped Rs. 200-300 for a candy (356 kg) on lower demand from exporters and millers. Raw cotton rates also declined as buying by ginners was limited. At Rajkot and Gujarat, the Sankar-6 variety was traded on Rs.58,000-58,500 per candy. Raw cotton prices declined by Rs. 10-15 for 20 kg to Rs. 1,325-1,350, while gin delivery raw cotton price was Rs.

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