Tuesday, 3 January 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 3 JANUARY 2017

Cotton trading range for the day is 19270-19710. Cotton prices gained due to improved demand from traders and stockists in the spot market. Cotton output in 2016-17 is expected to rise to 35.1 million bales from 33.8 million bales last year, the Cotton Advisory Board said. USDA global cotton production in 2016-17 stood at 104.24 million bales compared to 96.46 million bales in 2015-16 fibre season. Cotton prices in spot market gained by 70.00 rupees and settled at 19200.00 rupees.

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