EPIC RESEARCH NCDEX COTTON UPDATE OF 17 AUG 2016

Cotton trading range for the day is 20600-21560. Cotton prices dropped on subdued demand from bulk consumers and improved demand weather conditions are helping sowing prospects. Cotton planting is at fag end and is completed on 9.90 million hectares as compared to 10.86 million hectare last year. China has sold about 1.7 million tons of cotton so far through auction began in starting of May of current year. Cotton prices in spot market dropped by 310.00 rupees and settled at 22360.00 rupees.
For more information and accurate  NCDEX Tips ✆ – 0731-6642300

Connect with our social media sites 

Facebook

Twitter

YouTube

Pinterest

Linkedin

Google+