EPIC RESEARCH NCDEX COTTON UPDATE OF 21 JULY 2016

Cotton trading range for the day is 21423-22883.Cotton prices ended with losses due to profit-booking after prices rose in the domestic market in last some days. Though, cotton acreage in the country is likely to fall to the lowest in seven years in the 2016-2017 capped some losses in cotton prices.According to the ICAC) global area under cotton is expected to contract by one per cent to 31 million hectares in 2016-17.Cotton prices in spot market dropped by 250.00 rupees and settled at 22830.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co