Due to reduced demand from spinning mills, cotton prices weakened in the mandis of North Indian states Punjab, Haryana and Rajasthan, while the daily arrivals of cotton in the mandis of these states decreased. The weather is clear in the cotton growing areas of North India. According to traders, there was a three-point decline in the prices of cotton in the foreign market on Monday, and even today its prices opened weak in the electronic trading of ICE. Hence, cotton prices have declined due to weak procurement from spinning mills in the domestic market also. According to experts, the prices of cotton yarn have fallen by 2-3 per kg in Ludhiana and Delhi markets of North India, which has increased the concern of the spinning mills. Due to cheap imports from neighboring countries like China and Bangladesh, the demand for cotton yarn in the domestic market is being affected, hence there is pressure on prices. Cotton prices remained stable in these states, while cottonseed prices declined. According to preliminary data of Cotton Association of India, CAI, cotton production in the North Indian states of Punjab is 4.50 lakh bales in the crop season 2023-24, Haryana is 16 lakh bales, Upper Rajasthan is 11 lakh bales and Lower Rajasthan is 11.50 lakh bales. Overall the total production is estimated to be 43 lakh bales. The arrival of new cotton in the producer markets of these states was 29,000 bales, each bale of 170 kg, whereas the arrival on the previous working day was 30,000 bales. There was a declining trend in cotton prices in the domestic futures market today. In the April-24 futures contract on NCDEX, cotton prices weakened by Rs 9.5 to Rs 1,625 per 20 kg. Cotton prices were quoted at Rs 6,600 to Rs 7,200 per quintal in the mandis of Punjab and Haryana line, while in the Upper Rajasthan line its prices remained at Rs 6,700 to Rs 7,300 per quintal. Cottonseed prices were quoted at Rs 3,050 to Rs 3,200 per quintal in Punjab and Haryana line and Rs 3,200 to Rs 3,400 per quintal in Upper Rajasthan line. In Punjab, the price of new cotton spot delivery was quoted at Rs 5,650 to 5,750 per maund i.e. Rs 53,800 to 54,700 per maund. In Haryana, the price of new cotton for spot delivery was quoted at Rs 5,625 to 5,750 per maund, i.e. Rs 53,700 to 54,700 in Kandy. In Upper Rajasthan, the price of new cotton for spot delivery was quoted at Rs 5,525 to 5,800 per maund, i.e. Rs 52,700 to 55,200 in Kandy. In Pilani, Rajasthan, cotton prices were quoted at Rs 5,525 to Rs 5,800 per maund for spot delivery. In Lower Rajasthan, the price of cotton candy for spot delivery increased from Rs 53,800 to Rs 56,800.