Wednesday, January 18, 2017

Cotton trading range for the day is 19703-20183. Cotton prices ended with gains due to rising domestic as well as export demand in the spot market. Cotton prices in the global market are likely to decline in the second half of 2016 -17 amid increase in production and steady demand The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales in 2015-16. Cotton prices in spot market gained by 30.00 rupees and settled at 19790.00 rupees.
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