Friday, March 24, 2017

  • Cotton trading range for the day is 21143-21683. 
  • Cotton dropped as traders are avoiding major buying as cotton price that was increasing steeply until the end of February.
  • Exports are likely to be around 5-5.5 million bales with an opening stock of about 4.5 million bales at beginning of 2016-17. 
  • Also traders are eyeing on muted speculative activity ahead of a federal acreage report due next week 
  •  Cotton prices in spot market gained by 120.00 rupees and settled at 21080.00 rupees.
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