EPIC RESEARCH NCDEX COTTON UPDATE OF 30 NOVEMBER 2017

Cotton trading range for the day is 18380-18760. Cotton gained due to short covering after prices dropped on hope of higher output and surplus supply.According to trade sources, about 2 lakh bales have arrived in the Indian markets per day.Cotton arrivals in the country increased to 7.8 lt in during first 20 days of the month compared to 4.8 lt last 25 days in October. Cotton prices in spot market dropped by 60.00 rupees and settled at 18160.00 rupees.



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