EPIC RESEARCH NCDEX COTTON UPDATE OF 6 JANUARY 2017

Cotton trading range for the day is 19637-20437. Cotton prices ended with gains on reports good demand from the industrial buyers and firm international market. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales produced in 2015-16. CAI expects that on account of better weather conditions across all cotton growing regions of the country there will be an improvement in productivity. Cotton prices in spot market gained by 220.00 rupees and settled at 19520.00 rupees.

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