Friday 22 December 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 DECEMBER 2017

Cotton trading range for the day is 19430-20190.Cotton prices gained on reports of fall in production due to pest attack in the major producing belts. USDA hiked forecast for United States cotton output to 21.44 million bales from 21.38 million bales in previous month. India's cotton production in 2017/18 is likely to rise 9.3 percent from a year ago to 37.7 million bales. Cotton prices in spot market gained by 140.00 rupees and settled at 19120.00 rupees.



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