Friday 15 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 15 SEPTEMBER 2017

Cotton trading range for the day is 18317-18557.Cotton prices ended with gains due to strong demand from traders and stockists at the spot market. India's cotton output is expected to rise to 35-36 million bales for second consecutive year in 2017-18.Season ending stocks in India are seen at 14.6 mln bales, again higher than about 14.1 mln bales estimated in August. Cotton prices in spot market dropped by 200.00 rupees and settled at 19730.00 rupees.

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