Wednesday, 9 August 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 09 AUGUST 2017

Cotton trading range for the day is 18643-19003. Cotton prices ended with gains due to 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 in south India and Gujarat. 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 gained by 10.00 rupees and settled at 20440.00 rupees.

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