EPIC RESEARCH NCDEX COTTON UPDATE OF 06 FEBRUARY 2018

Cotton trading range for the day is 19813-20273. Cotton prices ended with losses tracking weakness in spot demand due to higher supply outlook. Pressure also seen on prices on expectation of higher arrivals in local mandis. Arrivals are estimated to be in the range of 170,000-180,000 million bales per day compared to arrivals of around 150,000 bales last week. Cotton prices in spot market dropped by 160.00 rupees and settled at 19420.00 rupees.

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