7/18/2016 10:39:00 AM
Cotton dropped on late profit booking after prices gained earlier as USDA showed lower output estimates for 2016-17.
India's cotton output is likely to fall by 12.4% in 2015-16 on pest infestation in Punjab and Haryana and lower yield on weak monsoon rains.
Cotton output in 2015-16 will likely fall to 33.8 million bales from 35.2 million bales previous estimates.
Cotton prices in spot market gained by 540.00 rupees and settled at 23210.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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