EPIC RESEARCH NCDEX COTTON UPDATE OF 01 NOVEMBER 2017

Cotton trading range for the day is 18097-18277. Cotton prices dropped on higher supply and subdued demand. Cotton Association of India has forecast cotton production for year 2017-18 at 37.5 million bales. USDA kept its cotton production forecast for India unchanged from last month standing near 30 million bales.Cotton prices in spot market dropped by 110.00 rupees and settled at 18290.00 rupees.



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