EPIC RESEARCH NCDEX COTTON UPDATE OF 07 FEBRUARY 2018

Cotton trading range for the day is 19627-20027.Cotton prices dropped amid expectation of higher arrivals and sluggish demand. Improvement in domestic arrivals at major trading centres along with sluggish demand kept cotton prices down. Around 17.652 million bales of cotton touched the domestic market till Jan end, showed Cotton Corporation of India (CCI) data. Cotton prices in spot market dropped by 90.00 rupees and settled at 19330.00 rupees.

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