EPIC RESEARCH NCDEX COTTON UPDATE OF 08 AUGUST 2017

Cotton trading range for the day is 18447-19007. Cotton ended with gains on concern over loss due to heavy rains.Moreover, as per farm ministry, incidents of pink bollworm attacks have been reported in many parts of key cotton growing areas. As per latest data from Agricultural Ministry, cotton is planted in 114.3 lakh hectares (l ha) till last week, higher 18.2%. Cotton prices in spot market dropped by 40.00 rupees and settled at 20430.00 rupees.

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