Cotton trading range for the day is 19863-20403. Cotton prices ended with losses on higher supply and limited demand. Overall production for year 2017-18 is likely to be higher due to larger crop in northern region and ongoing harvesting activities in central and southern region.The CAI estimated supply for current year at 42.2 million bales while domestic consumption is estimated at 32 million bales, indicating oversupply situation. Cotton prices in spot market dropped by 20.00 rupees and settled at 19560.00 rupees.
For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664