EPIC RESEARCH NCDEX COTTON UPDATE OF 26 MAY 2017

Cotton trading range for the day is 20600-20900.Cotton prices ended with gains due to pickup in demand from traders and stockists at the spot market.Cotton is planted in 8.93 lakh hectares as on now, higher by 32% compared to last year acreage for same period.USDA forecasts India cotton production for 2017/18 at 6.01 mt, up nearly 6% while area is forecast at 11.5 mhac, up 10% from last year.Cotton prices in spot market dropped by 70.00 rupees and settled at 20450.00 rupees.

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