Monday, 17 July 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 17 JULY 2017

Cotton trading range for the day is 19657-20397. Cotton prices ended with losses due to good progress in cotton sowing in the country. Cotton is planted in 71.8 lakh hectares (l ha) till last week, higher by 5.8% compared to last year acreage of 68 lakh ha for same period. US Department of Agriculture's Foreign Agricultural Services has raised its forecast for India's cotton production in 2017-18 to 37.2 mln bales. Cotton prices in spot market dropped by 140.00 rupees and settled at 20250.00 rupees.



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