EPIC RESEARCH NCDEX COTTON UPDATE OF 16 AUGUST 2017

Cotton trading range for the day is 18147-18787. Cotton prices ended with losses due to subdued demand from domestic mills at the spot market.USDA in its WASDE predicted India's 2017-18 fibre consumption to fall to 24.50 million tons compared to 24.75 million in the month of July. This season cotton crop sowing is completed in 11.7 million hectares against 9.90 million hectares in the same period last year. Cotton prices in spot market gained by 120.00 rupees and settled at 20530.00 rupees.



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