Wednesday, August 02, 2017

EPIC RESEARCH NCDEX UPDATE OF COTTON 2 AUGUST 2017


  • Cotton trading range for the day is 18257-18557.
  • Cotton prices ended with losses tracking weakness in spot demand on higher sowing.
  • Cotton has been planted in 11.12 million hectares, higher 20% compared to 9.23 million hectares in the same period last year.
  • The Cotton Association of India has increased its estimate for India's cotton output in the year ending September to 33.7 mln bales.
  • Cotton prices in spot market dropped by 140.00 rupees and settled at 20300.00 rupees.

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