EPIC RESEARCH NCDEX COTTON UPDATE OF 10 JANUARY 2017

Cotton trading range for the day is 19817-20437. Cotton prices ended with gains on improved demand from bulk consumers and falling arrivals in local mandis. Bangladesh has been increasing its cotton import from India, which is supporting factor for the Indian market. CCI has announced commercial operations of procuring around 1.5 million bales at market price and so far bought 10,000 bales. Cotton prices in spot market gained by 120.00 rupees and settled at 19810.00 rupees.

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