Friday, 4 November 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 04 Nov 2016

Cotton trading range for the day is 18210-18650. Cotton prices ended with gains due to rising demand from traders and stockists in the spot market. India's cotton output is seen at 351 lakh bales, up 4% from 338 lakh bales a year ago due to good monsoon and minimum pest infestation. The arrivals have begun in Gujarat, Madhya Pradesh and are expected to pick in Haryana where the ginners have called off their strike. Cotton prices in spot market gained by 120.00 rupees and settled at 18360.00 rupees.
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