Cotton trading range for the day is 19393-19813.
Cotton prices ended with losses as government estimated higher production for 2016-17.
Further, lower export demand due to rising geo-political tensions between India-Pakistan also fuelled the downtrend.
US department of agriculture (USDA) maintained India's cotton output forecast for 2016-17 at 26.5 million bales.
Cotton prices in spot market dropped by 210.00 rupees and settled at 20390.00 rupees.
For more information and accurate MCX Tips, NCDEX Tips ✆ – 0731-6642300
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Cotton prices ended with losses as government estimated higher production for 2016-17.
Further, lower export demand due to rising geo-political tensions between India-Pakistan also fuelled the downtrend.
US department of agriculture (USDA) maintained India's cotton output forecast for 2016-17 at 26.5 million bales.
Cotton prices in spot market dropped by 210.00 rupees and settled at 20390.00 rupees.
For more information and accurate MCX Tips, NCDEX Tips ✆ – 0731-6642300
Connect with our social media sites

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