EPIC RESEARCH NCDEX COTTON UPDATE OF 26 JULY 2017

Cotton trading range for the day is 18107-18367. Cotton prices ended with gains on concern about excess rains in cotton growing areas in Gujarat. However, good progress in cotton sowing in the country limited the upside. As per latest data from Agricultural Ministry, cotton is planted in 104.1 lakh hectares (l ha) till last week, higher 20%. Cotton prices in spot market gained by 100.00 rupees and settled at 20290.00 rupees.

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