Wednesday, February 15, 2017

Cotton trading range for the day is 20593-20953. Cotton prices dropped as buyers were not willing to buy at high prices. As on now about 167 lakh bales of cotton have arrived in the domestic market.  India's cotton arrivals falls 5% to 12.83 million bales on late commencement of supplies though output for the 2016-17 is expected to higher. Cotton prices in spot market dropped by 40.00 rupees and settled at 20600.00 rupees. 
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