EPIC RESEARCH NCDEX COTTON UPDATE OF 12 JANUARY 2018
Cotton trading range for the day is 20113-21133. Cotton prices gained due to improved domestic as well as export demand at the spot market.CCI purchased nearly 485,000 bales cotton at minimum support price (MSP) fixed by government as prices are ruling firm, said sources. Overall, 20 lakh bales have arrived in Gujarat, while the all-India arrivals are about 100 lakh bales. Cotton prices in spot market gained by 150.00 rupees and settled at 19780.00 rupees.