EPIC RESEARCH NCDEX COTTON UPDATE OF 05 JUNE 2017

Cotton trading range for the day is 20750-21250.Cotton prices ended with losses weighing down on reports of good progress of cotton in north India.The CAI has retained its April estimate of the cotton crop for the 2016-17 at 340.50 lakh bales of 170 kgs.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.Cotton prices in spot market dropped by 70.00 rupees and settled at 20420.00 rupees.



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