EPIC RESEARCH NCDEX COTTON UPDATE OF 06 NOVEMBER 2017

Cotton trading range for the day is 18130-18530. Cotton prices ended with gains due to improved demand from traders and stockists at the spot market. The 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. Textile industry has urged Cotton Corporation to procure about 10 million bales to stabilize the prices this season. Cotton prices in spot market dropped by 10.00 rupees and settled at 18354.00 rupees.

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