EPIC RESEARCH NCDEX UPDATE OF Cotton 3 May 2017

Cotton trading range for the day is 20310-20890.

• Cotton prices dropped as demand for the fibre had plunged owing to farmers offloading the poorer quality of cotton initially.
• The domestic cotton arrivals in the first 25 days in April are higher by 59% on year at 2.32 lakh tonnes (lt) compared to 1.46 lt last year.As per CAI, the arrivals during March 2017 are higher than that of the corresponding month during last year.
• Cotton prices in spot market gained by 80.00 rupees and settled at 20490.00 rupees.
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