EPIC RESEARCH NCDEX COTTON UPDATE OF 11 AUGUST 2017

Cotton trading range for the day is 18300-19360. Cotton prices ended with losses on profit booking after prices rose due to concern over loss due to heavy rains. All India cotton arrivals are estimated at around 4,800 bales on Aug 9 compared to 5,300 bales in the previous day. The Chinese govt. forecasted the country to produce 5.28 MT of cotton in 2017-18. Cotton prices in spot market dropped by 90.00 rupees and settled at 20430.00 rupees.

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