Cotton trading range for the day is 16837-17157.
Cotton prices dropped due to sluggish demand from traders and stockists at the domestic spot market.
Though, some losses were capped on lower production from major producing belts of India and Pakistan.
India's total exports projection fell to 5.50 million bales from 5.70 million bales in previous month's forecast, USDA said.
Cotton prices in spot market gained by 10.00 rupees and settled at 16390.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co Follow @Epic_Research
Cotton prices dropped due to sluggish demand from traders and stockists at the domestic spot market.
Though, some losses were capped on lower production from major producing belts of India and Pakistan.
India's total exports projection fell to 5.50 million bales from 5.70 million bales in previous month's forecast, USDA said.
Cotton prices in spot market gained by 10.00 rupees and settled at 16390.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co Follow @Epic_Research
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