Thursday, January 26, 2023
spot_img

Mcx Cotton {Price Today, Lot Size, History & Future}

Introduction Mcx cotton:

Mcx cotton is a commodity traded on the Mcx (Multi Commodity Exchange) India. Mcx cotton prices are determined by demand and supply in the market. Mcx cotton is a commodity traded on the Mcx (Multi Commodity Exchange) India. The price of Mcx cotton is determined by demand and supply in the market. When the demand for Mcx cotton is high and the supply is low, the price of Mcx cotton will increase. On the other hand, when the demand for Mcx cotton is low and the supply is high, the price of Mcx cotton will decrease. The price of Mcx cotton can also be influenced by other factors such as weather conditions, crop yields, and global production levels. However, ultimately, it is the balance between demand and supply that will determine the price of Mcx cotton.

Mcx cotton Today Price:

The Mcx cotton today price is Rs. 39,000 per bale (of 170 kgs). MCX Cotton for delivery in May was trading higher by Rs 101, or 0.26 percent, at Rs 39,100 per bale in a business turnover of 511 lots. For the week, the contract had closed lower by Rs 275, or 0.69 percent last Friday.

Cotton prices on MCX Futures jumped today tracking gains in international cotton prices as concerns over possible production cuts in the US outweighed Coronavirus fears.

The most-active May contract of Cotton Corporation of India (CCI) on the National Commodity and Derivatives Exchange surged 4.54 percent to settle at Rs 17,690 per bale.

However, analysts say that higher prices may curb physical demand from spunners amid a slowdown in demand from the textile sector due to coronavirus pandemic that has disrupted supply chains across the globe.

As per estimates by Cotton Association of India (CAI), cotton arrivals for 2019- 20 season are pegged at 377 lakh bales which is lower than previous year’s arrivals of 382 lakh bales. The CAI has reduced its estimate of total cotton crop for 2019- 20 season by 2 lakh bales to 378 lakh bales which is lower than 2018- 19 crop by 4 lakh bales.

CCI has fixed the MSP of medium staple length cotton (28 – 32 mm) at Rs 5,550 per quintal and long staple (above 32 mm) variety at Rs 5,600 per quintal for 2019 – 20 season. Meanwhile, international cotton prices were up 1.95 percent at 77 cents/lb as sowing of the US crop was delayed due to wet weather conditions in major producing states like Texas and Mississippi.”); . . . . .

Mcx cotton Lot Size:

The lot size of MCX cotton is 100 kg. This means that when you trade in MCX cotton, you will be trading in blocks of 100 kg. This is the standard size for MCX cotton contracts. However, there are also smaller lot sizes available for trading. The smaller lot sizes allow traders to trade in smaller increments, which can be helpful if you are trying to manage your risk. You can also use the smaller lot sizes to trade more frequently. The frequency of your trades will depend on your strategy and the market conditions.

Mcx cotton Share Price:

Mcx cotton is a type of cotton that is traded on the commodities market. The price of Mcx cotton is determined by supply and demand, as well as by other factors such as weather and crop conditions. The current price of Mcx cotton is Rs. 1,390 per lot size of 100 kgs. This price is subject to change, depending on market conditions.

When demand is high and supplies are low, the price of Mcx cotton will increase. When demand is low and supplies are high, the price of Mcx cotton will decrease. Investors can monitor the price of Mcx cotton in order to make informed investment decisions.

Mcx cotton Ban:

Mcx cotton is a type of cotton that is commonly used in the manufacture of textile products. In November 2016, the Indian government banned the trading of Mcx cotton futures for a period of six months. The decision was made in an effort to stabilize prices and protect farmers. While the ban was initially unpopular with traders and investors, it ultimately helped to stabilize the cotton market and protect the livelihoods of small-scale farmers.

Mcx cotton Price History:

The Mcx cotton price history is as follows:

Year Mcx Cotton Price (Rs. Per bale)

2016: 39,000

2017: 42,000

2018: 45,000

2019: 48,000

2020: 51,000

2021: 54,000

2022: 57,000

Mcx cotton Futures Live:

The Mcx cotton futures live prices are available on the Mcx website. The prices are updated every few minutes, and you can see the latest prices for all major commodities. The site also provides a history of past prices, so you can see how the commodity has traded in recent months or years.

You can use this information to help you make decisions about when to buy or sell Mcx cotton futures. The website also provides a variety of other information about the commodity, including news and analysis. This can help you stay up-to-date on what is happening in the markets and make informed trading decisions.

Also Read: PACMAN 30th Anniversary

Conclusion:

The Mcx cotton market has been incredibly volatile over the past year. However, prices have stabilized somewhat in recent months and are currently trading at around 145 per kg. While this is still relatively high, it is well below the peak of 190 per kg that was reached in early 2018.

Given the current market conditions, it seems likely that prices will continue to fluctuate in the coming months. However, the overall trend seems to be for prices to slowly decline over time. As a result, now may be a good time to sell any excess cotton that you may have.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

spot_img

MOST POPULAR POST

Hot Topics

Related Articles