Tuesday, 30 May 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 30 MAY 2017

Cotton trading range for the day is 20967-21507.Cotton prices ended with gains due to rising demand from traders and stockists at the domestic spot market.India's cotton sowing during 2017-18 rose 27% to 1.12 million hectare until May 26 thanks to prevailing higher prices in the country.Chinese cotton imports will remain suppressed next season, as the government continues to draw down on cotton stocks US officials said.Cotton prices in spot market gained by 50.00 rupees and settled at 20540.00 rupees.



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