Cotton On MCX Settled Up By 1.58% At 19900

Cotton on MCX settled up by 1.58% at 19900 due to pickup in demand from domestic mills. Besides, cotton area in Punjab and Haryana has declined 27 per cent to 7.56 lakh hectares in the 2016-17 crop year as farmers shifted to other crops after incurring huge losses due to whitefly pest attack last year also fuelled the uptrend. Cotton sowing for year 2016-17 has lagged behind by against the last year due to delay in monsoon whereas estimation of fall in cotton acreages could keep supply outlook weaker in upcoming season too.

For Quick Trial – 8962000225 ✔
or mail us here:
✆ - 0731-6554125 | Toll Free - 1800-3010-2007
Give a Missed Call for Free Trial - 0969999771

NewerStories OlderStories Home