Thursday 28 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 28 SEPTEMBER 2017

Cotton tr-ading range for the day is 18407-18687.Cotton prices ended with gains on expectation of lower output.India's 2017-18 cotton output for Jul-Jun is pegged at 32.27 million bales, down 2.5% compared to 33.09 million bales in 2016-17.Indian farmers have sown cotton across 12.15 mln ha , up nearly 19% from a year ago, latest data from the agriculture ministry showed.Cotton prices in spot market gained by 30.00 rupees and settled at 18710.00 rupees.

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