Wednesday, February 8, 2017

Cotton trading range for the day is 20470-20730. Cotton prices ended with gains as prices recovered on low level buying.  The cotton arrivals in the physical markets have seen improving during last week compared to previous weeks. In first estimate of the 2017/18 by ICAC, world cotton output will rise by 2% to 23.4 mt. due to an expected to grow of planting area by 5%. Cotton prices in spot market gained by 10.00 rupees and settled at 20370.00 rupees.
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