Cotton| Cotton prices moved down on weak demand

February 18, 2016 9:51 AM | Skymet Weather Team

Cotton prices moved down on weak demand from domestic mills. Prices may decline further in coming days as hope for fresh demand is negligible. Meanwhile, Cotton Advisory Board (CAB) estimates cotton production at around 33 million bales for the October 2015-September 2016 crop year against 38 million bales in the previous year.

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