Friday, May 25, 2018

EPIC RESEARCH NCDEX UPDATE OF COTTON 25 MAY 2018


  • Cotton trading range for the day is 20760-21180.
  • Cotton prices ended with gains on expectation of lower US cotton production in 2018 by USDA.
  • The CAI has retained its April estimate of the cotton crop for the season 2017-18, at 360 lakh bales of 170 kgs each.
  • In Gujarat the total output was estimated at 105 lakh bales this season compared to 89 lakh bales last year.
  • Cotton prices in spot market dropped by 10.00 rupees and settled at 20440.00 rupees.

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