EPIC RESEARCH NCDEX COTTON UPDATE OF 15 JANUARY 2018

Cotton trading range for the day is 20193-21433. Cotton settled down on profit booking after prices seen support amid rise in International cotton and good physical demand. Market arrivals of cotton in the first three months of the 2017-18 marketing season starting October are higher by around 43% over corresponding last year. CAI has maintained the crop size for the 2017-18 season at 375 lakh bales (of 170 kg each) in its latest estimates. Cotton prices in spot market gained by 570.00 rupees and settled at 20350.00 rupees.



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