8/04/2017 01:04:00 PM
- Cotton trading range for the day is 18350-18710.
- Cotton ended with gains as the India’s cotton output in the forthcoming 2017-18 season starting October is seen increasing by 10-15 per cent
- Besides, a favourable monsoon in most parts of key growing states such as Maharashtra and Andhra Pradesh, and in North India, is aiding the output.
- Maharashtra has registered kharif cotton sowing of over 38.47 lakh hectares, while in Gujarat the area stood at 25.84 lakh hectares.
- Cotton prices in spot market dropped by 20.00 rupees and settled at 20470.00 rupees.
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