EPIC RESEARCH NCDEX COTTON UPDATE OF 07 JUNE 2017

Cotton trading range for the day is 20393-21033. Cotton prices dropped on reports of good sowing progress from major growing regions.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 production stood at 337.75 lakh bales last year, Cotton Association Of India (CAI) said in a report. Cotton prices in spot market gained by 170.00 rupees and settled at 20500.00 rupees.

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