Thursday, 6 July 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 06 JULY 2017

Cotton trading range for the day is 19790-20050.Cotton prices ended with losses due to subdued demand from traders and stockists in the spot market.Cotton acreage across the country spurted to 4.61 million hectares until from 1.9 million hectare.USDA’s Foreign Agricultural Services has raised its forecast for India's cotton production in 2017-18 (Aug-Jul) to 37.2 mln bales.Cotton prices in spot market dropped by 200.00 rupees and settled at 20190.00 rupees.

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