EPIC RESEARCH NCDEX COTTON UPDATE OF 27 JULY 2017

Cotton trading range for the day is 17833-18993. Cotton prices gained amid heavy rainfall damaged crops in Gujarat and strong demand. Supply in the physical market is low due to heavy rainfall in major fibre producing Cotton has been sown on 104.29 lakh hectares across the country compared to 86.86 lakh hectares during the same period previous year. Cotton prices in spot market gained by 50.00 rupees and settled at 20340.00 rupees.

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