10/03/2018 12:52:00 PM
- Cotton trading range for the day is 21600-22120.
- Cotton gained on short covering after prices dropped on improved harvesting activities of early sown crop.
- In India, cotton acreage till last week was down by 1% on year to 120.6 lakh hac compared to 121.7 lakh ha last year.
- Total arrivals reached at 37 million bales as of August 25 compared 34.5 million bales in the same period last year, according to CAB estimates.
- Cotton prices in spot market dropped by 340.00 rupees and settled at 21710.00 rupees.
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