Friday, 19 May 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 19 MAY 2017

Cotton trading range for the day is 20953-21313.Cotton prices ended with losses due to reports of higher supplies from major producing belts.Sowing of cotton has begun on a strong note in the key growing regions of North India and Southern Karnataka, for the 2017-18 season. The government is considering increasing the MSP of cotton by Rs160 per quintal to Rs. 4,320 for the 2017-18 crop year beginning July.Cotton prices in spot market dropped by 100.00 rupees and settled at 20480.00 rupees.

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