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in the last week ended at rs. 22920 down by rs. 210 per from the previous week's close. we think with the sharp reduction in the ice price today, there will be a large cut in the mcx cotton price. we expect for the day cotton price to trade in the range of rs. 22650 to rs. 22950 per bale for june contract...
today should be to cents/lb. an either side break shall make a move of to cents. for mcx we expect the price band of and rs/bale. despite the floating positive news, the us china trade deal has not come to any point and the meeting is likely to be postponed to june. ice cotton may future failed to sustain...
if the november talks between the two countries fail. that is not good for news clippings page us cotton. monday market wasn't helped by jittery us equity markets which rallied and then crashed as the health of the global economies becomes more uncertain. otherwise there was little fresh cotton news...