EPIC RESEARCH NCDEX COTTON UPDATE OF 5 DECEMBER 2016

Cotton trading range for the day is 18917-19197. Cotton prices dropped on subdued demand from bulk consumers and improved arrivals local mandis. Data from the United States Department of Agriculture (USDA) showed net upland sales of 202,300 running bales of cotton for last week. The CAB estimated cotton output at 35.1 million bales of 170 kg each for the cotton year 2016-17 Cotton prices in spot market gained by 20.00 rupees and settled at 18920.00 rupees.

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