EPIC RESEARCH NCDEX COTTON UPDATE OF 16 JUNE 2017

Cotton trading range for the day is 19590-20330. Cotton prices ended with losses on anticipation of good production in the next season as sowing progress in the country starts in a brisk manner. As per latest data from Agricultural Ministry, cotton is planted in 14.1 lakh hectares (l ha) till last week, higher by 43%. AS per USDA, 2017-18 cotton production is expected to increase because of a rise in the area under cultivation. Cotton prices in spot market gained by 50.00 rupees and settled at 20410.00 rupees.



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