EPIC RESEARCH NCDEX COTTON UPDATE OF 21 April 2017

Cotton trading range for the day is 20863-21503. Cotton prices gained due to rising demand from traders and stockists at the spot market. Prices also seen supported on probability that the El Nino phenomenon may occur during second half of monsoon month which may affect cotton yield. As per CAI, cotton crop estimate for the ongoing cotton season at 340.50 lakh bales of 170 kgs each. Cotton prices in spot market gained by 80.00 rupees and settled at 20720.00 rupees.

For MCX Tips NCDEX Tips ✆ – 0731-6642300 or whatsapp at 7049084664