Thursday, 5 January 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 5 JANUARY 2017

Cotton trading range for the day is 19313-20113. Cotton prices dropped on profit booking after prices gained on reports good demand from the industrial buyers. Moreover, the supplies have not peaked in the season which is a major concern. As per the ICAC press release, cotton prices may Fall in second half of 2016/17 due to increased supply. Cotton prices in spot market dropped by 10.00 rupees and settled at 19300 rupees.

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