Thursday, March 16, 2017

  • Cotton trading range for the day is 20850-21570.
  • Cotton prices ended with gains on late short covering afterprices dropped due to weak demand from traders and stockists at the spot market.
  • Lower prices have attracted good export order from Bangladesh and Vietnam, whereas large quantity of cotton is expected to export to Australia.
  • International Cotton Advisory Committee (ICAC) forecasted India's cotton production to rise by 2% to 5.9 million tons.
  • Cotton prices in spot market dropped by 100.00 rupees and settled at 20630.00 rupees.
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