Monday, 4 December 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 04 DECEMBER 2017

Cotton trading range for the day is 18617-18977.Cotton prices gained tracking firmness in spot demand due to crop damages.Growing incidence of pink bollworm attack in some part of Gujarat, Telangana and Maharashtra which may impact the pace of arrivals adversely. Despite of peak harvesting time, overall cotton arrivals has been lower in the year 2017-18 due to delayed harvesting in Gujarat. Cotton prices in spot market gained by 30.00 rupees and settled at 18330.00 rupees.

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