EPIC RESEARCH NCDEX COTTON UPDATE OF 25 JULY 2016

Cotton trading range for the day is 21397-22777.Cotton prices dropped on profit booking after prices gaining on lower supplies of cotton in domestic market. The Cotton Advisory Board (CAB) has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16. Cotton acreage in the country is likely to fall to the lowest in seven years in the 2016-2017 as farmers in key growing area may switch to other crops. Cotton prices in spot market gained by 380 rupees and settled at 22850.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co