Wednesday, 19 October 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 19 Oct 2016

Cotton trading range for the day is 19503-20083.
Cotton prices dropped as supply of new crop increased from producing belt.
Buying of raw cotton has reduced significantly because quality is not suitable for further process.
Fresh supply from cotton has started arriving in the local market but only 10 per cent of the crop has been harvested so far.
Cotton prices in spot market dropped by 270.00 rupees and settled at 20180.00 rupees.




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