1/13/2017 12:49:00 PM
Cotton trading range for the day is 20210-20590. Cotton prices dropped on profit booking after prices gained amid increasing prospects of higher imports and improved demand from bulk consumers. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales USDA has estimated 2016/17 global cotton production at 104.2 million bales, an expansion of 8 per cent over the previous season Cotton prices in spot market gained by 160.00 rupees and settled at 20150.00 rupees.
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