Wednesday, February 1, 2017

Cotton trading range for the day is 20117-20557. Cotton prices dropped due to weak demand from domestic mills at the spot market. India's cotton arrivals falls 5% to 12.83 mln bales on late commencement of supplies though output for the 2016-17 is expected to higher. CAB projected India's 2016-77 cotton output at 35.1 million bales as against 33.8 million bales a year ago. Cotton prices in spot market dropped by 240.00 rupees and settled at 20120.00 rupees.

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