Wednesday, January 25, 2017

Cotton trading range for the day is 19717-21017. Cotton prices ended with gains due to good demand from the industrial buyers against lower supply in the domestic market. CAI has revised its cotton crop estimate downward at 341 lakh bales (each of 170 kg) for the year 2016-17 The production estimate for Maharashtra has been revised downward to 86 lakh bales against 87 lakh bales. Cotton prices in spot market gained by 240.00 rupees and settled at 20650.00 rupees. 

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