EPIC RESEARCH NCDEX COTTON UPDATE OF 07 JULY 2017

Cotton trading range for the day is 19740-20840. Cotton prices ended with gains due to improved demand from traders and stockists at the spot market.USDA’s Foreign Agricultural Services has raised its forecast for India's cotton production in 2017-18 (Aug-Jul) to 37.2 mln bales. Meanwhile, ICAC in its latest press release said global production continue to recover in 2017/18. Cotton prices in spot market gained by 230.00 rupees and settled at 20420.00 rupees.

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