Friday 22 September 2017

EPIC RESEARCH NCDEX COTTON UPDATE OF 22 SEPTEMBER 2017

Cotton trading range for the day is 18147-18527.Cotton prices ended with losses due to subdued demand from domestic mills at the spot market. Further, cotton acreage has also increased in Guntur district of Andhra Pradesh also fuelled the downtrend. Cotton has been sown on 121.51 lakh hectares, 2017 across the country compared to 102.23 lakh hectares during the same period previous year.Cotton prices in spot market dropped by 110.00 rupees and settled at 19150.00 rupees.

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