Friday, 2 June 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 02 JUNE 2017

Cotton trading range for the day is 20857-21277.Cotton prices ended with gains tracking firmness in spot prices on short covering after prices dropped on reports of good progress of sowing.The cotton output is estimated at 340.50 lakh bales for 2016-17 crop year, same as March, an industry association said.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.Cotton prices in spot market gained by 30.00 rupees and settled at 20490.00 rupees.

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