COTTONGURU™ Daily Report

1. Arrivals on 24/03/17 is about 1.25 lakh bales.
2. Market:  Steady
3. Surge in cotton prices in Indian market drive textile mills to import with the jump in cotton prices in the country, there is a spurt in import contract as textile mills have started importing cotton from West Africa and the US as the landed costs are on par with the prevailing domestic market price.
4. ICE COTTON UPDATES: ICE cotton futures were subdued on Thursday on muted speculative activity ahead of a federal acreage report due next week.

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