Cotton prices ended with losses on increasing supply of fresh arrivals in physical market.
Harvesting activities are likely to pick up in coming days along with the improving weather condition.
Global cotton production for year 2016-17 is expected to surge by 7% on year to 22.6 million tons on account of higher average yield.
Cotton prices in spot market dropped by 40.00 rupees and settled at 22310.00 rupees.
No comments:
Post a Comment