EPIC RESEARCH NCDEX COTTON UPDATE OF 20 JUNE 2017

Cotton trading range for the day is 19800-20540. Cotton prices ended with losses on robust sowing data.As per the latest report by USDA, India is expected to produce 6.09 million tonnes of cotton in 2017-18 which is 5.7% higher.Global cotton production is expected to rise by 8.25% from 23.08 million tonnes in 2016-17 to 24.98 million tonnes in 2017-18.Cotton prices in spot market gained by 70.00 rupees and settled at 20410.00 rupees.

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