EPIC RESEARCH NCDEX COTTON UPDATE OF 15 MAY 2017

Cotton trading range for the day is 20593-21393.Cotton prices ended with gains due to rising demand from traders and stockists at the spot market.Cotton sowing has started in Punjab and farmers have completed 20% sowing of the targeted area amid depleting ground water level.CCI estimated that fibre planting in India is likely to rise by 15% to three-year high in the 2017-18 marketing season to boost cotton output and exports.Cotton prices in spot market gained by 180.00 rupees and settled at 20410 rupees.

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