Friday, 23 February 2018

EPIC RESEARCH NCDEX COTTON UPDATE OF 23 FEBRUARY 2018

Cotton trading range for the day is 19930-20190.Cotton prices extended gains amid lower production and strong demand.Cotton Association of India (CAI) lowered crop estimate for 2017-18 season on severe pink bollworm attack.Domestic arrivals stood at around 154,000 bales compared to previous day's arrivals of 148,000 bales.Cotton prices in spot market gained by 150.00 rupees and settled at 19460.00 rupees.

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