5/24/2017 01:26:00 PM
- Cotton trading range for the day is 20573-20833.
- Cotton dropped as pressure seen as cotton area is expected to rise at least 10-15% to over 11.5 hectares in 2017-18 crop season.
- Farmers have been encouraged on expectation of higher prices and improved yields last year.
- Cotton Association of India (CAI) predicted fibre consumption to jump to 29.5 million bales in 2016-17 crop season against 29 million bales.
- Cotton prices in spot market dropped by 10.00 rupees and settled at 20510.00 rupees.
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