EPIC RESEARCH NCDEX COTTON UPDATE OF 20 JULY 2016

Cotton trading range for the day is 22293-23813.Cotton prices dropped due to weak demand after constant rise in the price during this month. Though, some losses were capped as cotton acreage in the country is likely to fall to the lowest in seven years in the 2016-2017.India's cotton output is likely to fall by 12.4% in 2015-16 on pest infestation in Punjab and Haryana and lower yield on weak monsoon rains.Cotton prices in spot market dropped by 640.00 rupees and settled at 23080.00.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co