EPIC RESEARCH NCDEX COTTON UPDATE OF 28 April 2017

Cotton trading range for the day is 20400-20920.Cotton prices ended with losses on reports of higher supplies this season.As per Care ratings, cotton production in India may higher by 4% in 2016/17 compared to last year.As per CAI, the arrivals during March 2017 are higher than that of the corresponding month during last year.Cotton prices in spot market dropped by 70.00 rupees and settled at 20630.00 rupees.

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