Friday 30 September 2016

EPIC RESEARCH NCDEX COTTON UPDATE OF 30 Sep 2016

Cotton trading range for the day is 19393-20273. Cotton prices ended with losses due to higher output estimates for 2016-17. Despite lower area coverage, higher productivity of Cotton has resulted in to higher production of 32.12 million bales. Daily arrivals of cotton across the country are estimated around 20,000 bales out of which 15,000 bales are arriving in Punjab and Haryana. Cotton prices in spot market dropped by 160.00 rupees and settled at 21970.00 rupees.

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