EPIC RESEARCH NCDEX COTTON UPDATE OF 18 JULY 2017

Cotton trading range for the day is 19783-20403. Cotton prices ended with losses on expectation of higher output following robust sowing activity. USDA forecast fibre demand in the domestic market to jump to 24.75 million tons compared to 24.20 million tons from the previous estimates. USDA trimmed forecast for United States cotton output marginally to 19 million bales against 19.20 million bales last year. Cotton prices in spot market gained by 30.00 rupees and settled at 20280.00 rupees.

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