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What is Satta Matka? Origin of matka gambling or satta

Matka gambling or satta is a form of betting and lottery which originally involved betting on the opening and closing rates of cotton transmitted from the New York Cotton Exchange to the Bombay Cotton Exchange.

Sky-rocketing cotton prices leave market worried textile mills can t buy | MS Business Journal

Cotton started multi-decade cycle higher

5/10/2021 11:07:53 AM GMT Cotton is one of the soft commodities, along with sugar, coffee, orange juice, and cocoa. In early centuries, Alexander the Great has brought cotton from Pakistan to Europe. Much later and finally, it has obtained dominance in textile manufacturing during the British industrial revolution in the 18th century. It was so critical that at times of Civil War in North America the Confederate bonds sold in Europe were backed by cotton. Today, the largest producers and, at the same time, the largest consumers of cotton are China and India. One can trade Cotton futures at ICE owned New York Board of Trade in contracts of 50’000 pounds each under the ticker CT #F. Also, there are similar contracts at CME-owned NYMEX under the ticker TT #F.

Scotia Sells COMEX NY Vault In Slow Motion Exit From Gold, Silver Markets

Scotia Sells COMEX NY Vault In Slow Motion Exit From Gold, Silver Markets
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