Cotton trading range for the day is 19070-19610. Cotton prices gained on lower arrivals and expectation of fall in domestic output due to pink bollworm attacks.Cotton Advisory Board expects India's cotton output in the year started October to rise 9% to 377 Lakh Bales due to an increase in acreage. However, the farm ministry's estimate for the current season is lower at 322.7 lakh bales, compared with 330.9 lakh bales a year ago.Cotton prices in spot market gained by 10.00 rupees and settled at 18760.00 rupees.
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664
This post first appeared on Mcx And NCDEX Updates By Epic Research, please read the originial post: here