EPIC RESEARCH NCDEX COTTON UPDATE OF 29 JULY 2016

Cotton trading range for the day is 21513-22093.Cotton prices ended with losses due to weak demand from traders and stockists at the spot market. Currently the prices were under pressure due to poor buying interest from textile mills as CCI has decided to sell procured cotton.Cotton sowing in Gujarat, major fibre producing state, slumped by 20% to 2.42 million hectares up-till Jul 25 on late arrivals of monsoon. Cotton prices in spot market gained by 10.00 rupees and settled at 22530.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co