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Drop in Kalyan cotton May contract prices

24
Nov '08
On November 22, May month contract for Kalyan cotton closed at Rs482.2 per lot (1 lot = 20 kg), which was a significant drop than the Rs495.6 marked on November 5.

Kapas May series closed at Rs482.20 up by Rs2.40 from Rs.479.80 previous week.

Kalyan cotton touched a high of Rs482.2 and noted a low of Rs475.7 per lot during the trading sessions on the day. The series saw an intra-day high of Rs482.20 and low of Rs.469.80 during November 15- 22 week.

Thus, cotton trading saw a fluctuating trend, though overall market seemed healthy. With the ongoing strained economic scenario, even everyday trading seems unstable. It has become extremely difficult to predict the future.

For detailed data click here

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