EPIC RESEARCH NCDEX COTTON UPDATE OF 14 Oct 2016

Cotton trading range for the day is 19117-19777.Cotton prices gained on account of good demand in the spot market. The prices found further support from report that heavy rain in Central part of India & Gujarat, delayed the arrival of new crop.USDA maintained India's cotton output forecast for 2016-17 at 26.5 million bales amid imports are expected to increase.Cotton prices in spot market dropped by 920.00 rupees and settled at 20710.00 rupees.




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