Friday 1 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 01 SEPTEMBER 2017

Cotton trading range for the day is 18430-18810.Cotton ended with losses on expectation of higher output in the crop year 2017-18 following increased acreages area. This year cotton acreage rose 16.7% to 11.9 million hectares until Aug 25 compared to 10.2 million hectares in the same period last year. Indian cotton Federation expects cotton output to rise by 10-15% in 2017-18 season on higher acreage. Cotton prices in spot market dropped by 130.00 rupees and settled at 20220.00 rupees.



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