Cotton trading range for the day is 17513-17813.
Cotton gained due to rising demand from textile mills in the spot market.
Total cotton 2015-16 production estimates slumped 10.73% to 34.1 million bales as compared last year on pest infestation.
US production in 2016-17 is anticipated to rise 15% to 14.80 million bales on relatively favourable moisture, and average yields.
Cotton prices in spot market gained by 150.00 rupees and settled at 17132.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Cotton gained due to rising demand from textile mills in the spot market.
Total cotton 2015-16 production estimates slumped 10.73% to 34.1 million bales as compared last year on pest infestation.
US production in 2016-17 is anticipated to rise 15% to 14.80 million bales on relatively favourable moisture, and average yields.
Cotton prices in spot market gained by 150.00 rupees and settled at 17132.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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