Friday 8 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 08 SEPTEMBER 2017

Cotton trading range for the day is 18810-19450. Cotton prices dropped as comfortable supply outlook supported by good crop condition across India. Moreover, reports of pest attack incidence in some part of central region also limited the downside. At sowing front, overall cotton acreages have been higher by 16.71 % y/y till end of August as about 119.67 lakh hac was sown.Cotton prices in spot market dropped by 170.00 rupees and settled at 20150.00 rupees.

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