Cotton trading range for the day is 20313-20693. Cotton prices gained
due to dwindling supplies and expectation of lower cotton production in
the country. The CAI has pegged the output for the year starting October
2016 at 336 lakh bales of 170 kg each in line with the production in
the previous year. In 2016/17, world cotton consumption is expected to
exceed world cotton production by 1.4 million tons, down 7% from
2015/16. Cotton prices in spot market gained by 240 rupees and settled
at 21740.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Friday, September 16, 2016
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