EPIC RESEARCH NCDEX COTTON UPDATE OF 03 AUGUST 2017

Cotton trading range for the day is 18317-18677.Cotton prices ended with gains amid loss of cotton due to heavy rains in Gujarat. As per latest data from Agricultural Ministry, cotton is planted in 111.2 lakh hectares (l ha) till last week, higher 20%. 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 gained by 190.00 rupees and settled at 20490.00 rupees.

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