Tuesday, 1 August 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 01 AUGUST 2017

Cotton trading range for the day is 18193-18573. Cotton settled flat on profit booking after prices rose on supply worries as heavy rainfall damaged crops in Gujarat amid strong demand. Excessive rainfall in some parts of Gujarat, led to crop failure which sparked fear of supply shortage. According to the official figures, cotton has been sown on 111.55 lakh hectares, 2017 across the country. Cotton prices in spot market gained by 40.00 rupees and settled at 20380.00 rupees.

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