7/11/2016 11:51:00 AM
Cotton prices dropped on profit booking after prices gained delayed arrival of monsoon is affecting the cotton acreage.
According to the ICAC, global area under cotton is expected to contract by one per cent to 31 million hectares in 2016-17.
In India, cotton production is expected to increase by eight per cent to 6.3 million tons and better monsoons may boost yield by six percent.
Cotton prices in spot market gained by 50.00 rupees and settled at 21340.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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