Tuesday 3 May 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 03 MAY 2016

Cotton trading range for the day is 17407-17747.
Cotton prices ended with gains on lower supplies in domestic markets and robust domestic demand from bulk consumers.
Total cotton 2015-16 production estimates slumped 10.73% to 34.1 million bales as compared last year on pest infestation, CAI said.
The total output for the 2014-15 crop year stood at 38.27 million bales, Cotton Association of India  said.
Cotton prices in spot market gained by 50.00 rupees and settled at 16810.00 rupees.
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