EPIC RESEARCH NCDEX COTTON UPDATE OF 30 OCTOBER 2017

Cotton trading range for the day is 18103-18503. Cotton prices dropped on expectation of higher output in the crop year 2017-18. CCI is set to open its procurement centers in major cotton-growing states as it is believed that the prices may decrease below the MSP during the peak arrival season.The government estimates of cotton output of 322.73 lakh bales, while the trade sees a higher crop on better yields. Cotton prices in spot market dropped by 90.00 rupees and settled at 18650.00 rupees.



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