EPIC RESEARCH NCDEX COTTON UPDATE OF 06 JUNE 2017

Cotton trading range for the day is 20560-21000.Cotton prices ended with losses on higher acreages following expectation of normal monsoon amid weak demand. India's cotton sowing jumped 30% during 2017-18 due to higher prices and favourable weather, said agriculture ministry official.Cotton sowing rose to 1.21 million hectare until Jun 2 compared to 939,000 hectare in the corresponding period. Cotton prices in spot market dropped by 90.00 rupees and settled at 20330.00 rupees.



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