Monday 19 December 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 19 DECEMBER 2016

Cotton trading range for the day is 18927-19207. Cotton settled flat despite of pickup in demand from domestic mills in the spot market. USDA has projected US cotton production for 2016 at 16.5 million bales, an increase of 2 per cent above the 2015 cotton crop. All India arrivals were noted to be around 160,000 bales higher from 150,000 bales previous day. Cotton prices in spot market dropped by 20.00 rupees and settled at 18750.00 rupees.

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