Wednesday, March 29, 2017

  • Cotton trading range for the day is 20860-21220. 
  • Cotton gained short covering after prices dropped due to higher stock positions following rising arrivals 
  • Prices of cotton were down as arrivals following reports of higher cotton acreages in northern region. 
  • CAI estimated 34.1 million bales output in the year 2016-17 which is higher by 1% as compared to 33.8 million bales produced last year. 
  • Cotton prices in spot market gained by 30.00 rupees and settled at 20990.00 rupees.
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