Monday, 10 July 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 10 JULY 2017

Cotton trading range for the day is 20157-21057. 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 dropped by 10.00 rupees and settled at 20410.00 rupees.

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