Monday, 22 May 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 MAY 2017

Cotton trading range for the day is 20740-21260. Cotton prices ended with losses as there are ample supplies this season.According to trade sources, India’s cotton imports have touched an all-time high of 30 lakh bales this season. USDA forecasts India cotton production for 2017/18 at 6.01 mt, up nearly 6% while area is forecast at 11.5 mhac, up 10% from last year. Cotton prices in spot market gained by 60.00 rupees and settled at 20540.00 rupees.



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