Cotton trading range for the day is 21270-23170.
Cotton prices gained as cotton acreage in the country is likely to fall.
There are lower supplies of cotton in domestic market but government decided to sell procured cotton to mills.
The Cotton Advisory Board (CAB) has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16 against 386 lb last year
Cotton prices in spot market dropped by 90.00 rupees and settled at 2247.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Cotton prices gained as cotton acreage in the country is likely to fall.
There are lower supplies of cotton in domestic market but government decided to sell procured cotton to mills.
The Cotton Advisory Board (CAB) has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16 against 386 lb last year
Cotton prices in spot market dropped by 90.00 rupees and settled at 2247.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
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