Kapas prices fall 1 pc to Rs 1,020 per 20 kgs

Kapas prices fell by over 1 per cent to Rs 1,020 per 20 kgs in futures trading today, dragged down by offloading of positions by participants, tracking a weak trend at the physical markets.
Marketmen said, cutting down of exposure by participants amid a subdued trend at the spot markets due to fading demand form textile and fibre industries, mainly led to fall in kapas prices at futures trade here.
At the National Commodity and Derivatives Exchange, kapas for delivery in April next year slided by Rs 10.50, or 1.02 per cent, to Rs 1,020 per 20 kg, with an open interest of 1,277 lots.

The kapas for delivery this month also fell by Rs 5, or 0.50 per cent, to Rs 1,004 per 20 kg, in an open interest of 1,789 lots.