Monday, August 06, 2018

EPIC RESEARCH NCDEX UPDATE OF COTTON 6 AUGUST 2018


  • Cotton trading range for the day is 23517-24237.
  • Cotton prices dropped due to weak demand from traders and stockists at the spot market
  • Though, expectation of lower production due to reports of pink bollworm attack in Maharashtra capped some losses in cotton.
  • As per Commerce ministry data, cotton exports in May surged by 27.6% to 5.7 lakh bales as compared to last year.
  • Cotton prices in spot market dropped by 20.00 rupees and settled at 23260.00 rupees.

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