Cotton trading range for the day is 17313-17753.
Cotton prices dropped on profit booking after prices seen supported due to improved demand from traders and stockists
China’s NRCD has announced that they would begin selling a portion of China’s estimated 58 mln bales of reserve stocks beginning in early May.
Cotton supplies in Indian spot markets fell 12 percent from a year ago to 28 million bales between October and March.
Cotton prices in spot market gained by 110.00 rupees and settled at 16920.00 rupees.
Cotton prices dropped on profit booking after prices seen supported due to improved demand from traders and stockists
China’s NRCD has announced that they would begin selling a portion of China’s estimated 58 mln bales of reserve stocks beginning in early May.
Cotton supplies in Indian spot markets fell 12 percent from a year ago to 28 million bales between October and March.
Cotton prices in spot market gained by 110.00 rupees and settled at 16920.00 rupees.
No comments:
Post a Comment