EPIC RESEARCH NCDEX COTTON UPDATE OF 2 AUGUST 2016

Cotton trading range for the day is 21663-22403.Cotton gained on short covering after prices dropped amid China is releasing their stock which affecting global markets. USDA reports showed, net export sales registrations of upland cotton for shipment during the current season amounted to 44,600 running bales.Cotton sowing in Gujarat, major fibre producing state, slumped by 20% to 2.42 million hectares on late arrivals of monsoon. Cotton prices in spot market gained by 70.00 rupees and settled at 22490.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co