Friday, 9 June 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 09 JUNE 2017

Cotton trading range for the day is 20523-20863. Cotton ended with gains tracking firmness in spot demand after prices dropped on reports good progress of cotton sowing. As per latest data from Agricultural Ministry, cotton is planted in 12.18 lakh hectares as on now, higher by 29.7%.As per ICAC, Cotton area in India is forecast to expand by 7% to 11.3 million hectares. Cotton prices in spot market gained by 140.00 rupees and settled at 20450.00 rupees.

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