Wednesday, 2 August 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 02 AUGUST 2017

Cotton trading range for the day is 18257-18557. Cotton prices ended with losses tracking weakness in spot demand on higher sowing. Cotton has been planted in 11.12 million hectares, higher 20% compared to 9.23 million hectares in the same period last year.The Cotton Association of India has increased its estimate for India's cotton output in the year ending September to 33.7 mln bales. Cotton prices in spot market dropped by 140.00 rupees and settled at 20300.00 rupees.

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