EPIC RESEARCH NCDEX COTTON UPDATE OF 11 April 2017

Cotton trading range for the day is 20570-20930. Cotton prices gained on supply concerns as output is expected to fall in the domestic market. India's cotton productivity has dropped in recent years owing to worm infestations hurting quality of the crop. Cotton output in the domestic market is expected to slip to 34.2-34.6 million bales in 2016-17 according to estimates of Southern Indian mills Association. Cotton prices in spot market dropped by 110.00 rupees and settled at 20780.00 rupees.

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