Thursday, May 12, 2016

Cotton trading range for the day is 16833-17353.             
Cotton prices dropped due to weak domestic as well as export demand at the spot market.    
The export of cotton is expected to drop by over 10% to 6 million bales in current year ending September.      
This drop in export is expected as global prices are cooling and domestic prices are on the rise.             
Cotton prices in spot market gained by 10.00 rupees and settled at 16800.00 rupees.
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