Friday, January 27, 2017

Cotton trading range for the day is 20120-20780. Cotton prices dropped on reports that the supplies may increase as the prices have touched higher levels this season. However CAI has revised its cotton crop estimate downward at 341 lakh bales for the year 2016-17 as against the earlier estimate of 346 lakh bales. India's cotton arrivals falls 5% to 12.83 million bales on late commencement of supplies Cotton prices in spot market dropped by 230.00 rupees and settled at 20420.00 rupees. 

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