Cotton trading range for the day is 20340-20660. Cotton settled flat as
prices pared gains on profit booking after gaining due to rising demand
from traders and stockists. According to preliminary report by the
government, cotton sowing has been covered under 96.48 lakh hectares
compared to 105.68 lakh hectares during the same period previous year.
Cotton plantings in India are forecast to fall to a seven-year low of
11.00m hectares, down from 11.90m hectares in 2015-16. Cotton prices in
spot market gained by 270.00 rupees and settled at 22010.00 rupees. For
more information ✆ - 0731-6642300 Visit http://www.epicresearch.co
Monday, September 19, 2016
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