EPIC RESEARCH NCDEX COTTON UPDATE OF 4 JANUARY 2017

Cotton trading range for the day is 19430-19930. Cotton prices ended with gains due to rising domestic as well as export demand in the spot market. Productivity of cotton in the country continues to remain well below the world average productivity mark, top officials of the CAI said. The acreage under cotton is expected to go down to about 10.5 million hectare during 2016-17 from 11.87 million hectares during 2015-16. Cotton prices in spot market gained by 110.00 rupees and settled at 19310.00 rupees.

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