Thursday, 1 June 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 1 JUNE 2017

Cotton trading range for the day is 20927-21287.Cotton ended with small gains as some buying seen on lower level after prices dropped on reports of good progress of cotton sowing.Cotton is planted in 8.93 lakh hectares as on now, higher by 32% compared to last year acreage for same period.Moreover, there are ample supplies this season through imports and good stocks available with the farmers.Cotton prices in spot market gained by 40.00 rupees and settled at 20490.00 rupees.

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