EPIC RESEARCH NCDEX COTTON UPDATE OF 15 JULY 2016

Cotton trading range for the day is 22157-24417.              
Cotton prices gained as cotton output is likely to decline 12.4 per cent to hit the lowest in five years for the current crop year.    
The Cotton Advisory Board (CAB) has lowered the forecast and now estimates the output at 33.8 million bales.            
The area under cotton has dipped by 7% to 119 lakh hectares (lh) against 128 lh registered in the same period last year.              
Cotton prices in spot market gained by 320.00 rupees and settled at 22670.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co