Friday, April 21, 2017

  • Cotton trading range for the day is 20863-21503. 
  • Cotton prices gained due to rising demand from traders and stockists at the spot market. 
  • Prices also seen supported on probability that the El Nino phenomenon may occur during second half of monsoon month which may affect cotton yield. 
  • As per CAI, cotton crop estimate for the ongoing cotton season at 340.50 lakh bales of 170 kgs each. 
  • Cotton prices in spot market gained by 80.00 rupees and settled at 20720.00 rupees.
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