EPIC RESEARCH NCDEX COTTON UPDATE OF 05 JULY 2017

Cotton trading range for the day is 19750-20150. Cotton prices ended with losses amid good sowing progress in India, China and the US. The Andhra Pradesh government is offering packages to farmers in a bid to dissuade them from growing cotton in 2017-18. According to the official figures, cotton has been sown on 46.10 lakh hectares, 2017 across the country compared to 19.07 lakh hectares. Cotton prices in spot market gained by 350.00 rupees and settled at 20390.00 rupees.

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