EPIC RESEARCH NCDEX COTTON UPDATE OF 8 JULY 2016

Cotton trading range for the day is 21003-22103. Cotton prices ended with gains on lower supplies in domestic market. Tighter supply of cotton in spot market amid expectation of delay in fresh arrivals in upcoming season is also supporting prices. Cotton acreage is likely to drop by 20% in season 2016-17 in Punjab and Haryana compared to the last season. Cotton prices in spot market gained by 640.00 rupees and settled at 21290.00 rupees. 

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