EPIC RESEARCH NCDEX COTTON UPDATE OF 31 JULY 2017

Cotton trading range for the day is 18207-18667.Cotton prices ended with losses on higher acreages amid weak demand. Cotton acreages in India for 2017-18 crop year rose 20% to 10.42 million hectares compared to 8.68 million hectares sown last year According to Cotton Association of India, country's June cotton output for 2016-17 rose to 33.7 million bales. Cotton prices in spot market dropped by 50.00 rupees and settled at 20340.00 rupees.

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