Wednesday, 30 August 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 30 AUGUST 2017

Cotton trading range for the day is 18477-18897. Cotton prices gained despite traders are not buying cotton on expectation of new arrivals. Cotton output is likely to increase to 345 lakh bales in 2016-17 (October to September period) as compared to the last year. Fresh arrivals are expected during the month of Sep-Oct ahead of festive season. Cotton prices in spot market gained by 70.00 rupees and settled at 20350.00 rupees.

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