Thursday, 22 February 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 FEBRUARY 2018

Cotton trading range for the day is 19770-20330.Cotton prices ended with gains amid lower arrivals and robust demand estimates.Expectation of strong export demand from US on rise in consumption of mills contributed to price rally.Domestic arrivals are estimated in the range of 130,000-150,000 bales compared to previous day's arrivals of 160,000 bales.Cotton prices in spot market gained by 150.00 rupees and settled at 19460.00 rupees.

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