date:May 16, 2016
ise to $750 per tonne.
COTTON RANGEBOUND
For cotton, Olams Verghese said prices were likely to trade in a range of 60-65 cents per lb.
I think it will trade in this narrow range unless there is a new trigger in terms of a fairly significant weather-related phenomenon in growing regions, Verghese said.
The front-month July cotton contract on ICE Futures U.S. was trading marginally lower at 60.50 cents per lb at 1120 GMT on Friday.
In March, the market slid to its lowest level since 2009, bef