Thursday, 12 January 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 12 JANUARY 2017

Cotton trading range for the day is 20063-20643. Cotton prices ended with gains on improved demand and on account of increased buying by millers as well as exporters. Meanwhile, about 150,000 bales of cotton have been arriving on daily basis against the 200,000 bales of the normal. Cotton prices in the global market are likely to decline in the second half of 2016 -17 amid increase in production and steady demand. Cotton prices in spot market gained by 260.00 rupees and settled at 19990.00 rupees.

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