EPIC RESEARCH NCDEX COTTON UPDATE OF 10 MAY 2017

Cotton trading range for the day is 20477-20817. Cotton prices gained due to rising demand from traders and stockists at the spot market. According to CCI, about 302 lakh bales of cotton arrivals were recorded till 4th May in the country. The domestic cotton arrivals in April are higher by 49% on year at 2.64 lakh tonnes (lt) compared to 1.77 lt last year, as per data. Cotton prices in spot market dropped by 50.00 rupees and settled at 20230.00 rupees.

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