Tuesday 20 February 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 20 FEBRUARY 2018

Cotton trading range for the day is 19287-19667. Cotton prices ended with losses tracking weakness in spot demand amid improvement in arrivals. USDA increased global cotton production forecast for 2017-18 to 121.37 million bales from previous month's estimate of 120.97 million bales. India is likely to face weaker export demand on rising price disparity of domestic cotton. Cotton prices in spot market gained by 10.00 rupees and settled at 19290.00 rupees.

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