Tuesday, 24 October 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 24 OCTOBER 2017

Cotton trading range for the day is 18533-19553.Cotton prices gained due to rising domestic as well as export demand in the spot market. Further, expectation of crop damage due to recent rains in major growing regions also added support to cotton prices uptrend. Arrivals hovered in the range of 2,000-8,000 bales per day in Andhra Pradesh, Karnataka, Gujarat and Madhya Pradesh. Cotton prices in spot market dropped by 180.00 rupees and settled at 18760.00 rupees.



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