Tuesday 12 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 12 SEPTEMBER 2017

Cotton trading range for the day is 18523-19303.Cotton prices ended with losses on hope of higher output amid weak demand.India's cotton output is expected to rise to 35-36 million bales for second consecutive year in 2017-18.ICAC also projected global cotton production to rise by 9% from 23.07 million tonnes in 2016-17 to 25.14 million tonnes in 2017-18.Cotton prices in spot market dropped by 80.00 rupees and settled at 20140.00 rupees.

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