Friday, September 22, 2017

EPIC RESEARCH NCDEX UPDATE OF COTTON 22 SEPTEMBER 2017

  • Cotton trading range for the day is 18147-18527.
  • Cotton prices ended with losses due to subdued demand from domestic mills at the spot market.
  • Further, cotton acreage has also increased in Guntur district of Andhra Pradesh also fuelled the downtrend.
  • Cotton has been sown on 121.51 lakh hectares, 2017 across the country compared to 102.23 lakh hectares during the same period previous year.
  • Cotton prices in spot market dropped by 110.00 rupees and settled at 19150.00 rupees.

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