EPIC RESEARCH NCDEX UPDATE OF COTTON 10 AUGUST 2016

Cotton trading range for the day is 21397-22257.Cotton prices dropped on improving sowing progress over central region supported by favourable weather condition. China cotton association may exceed its selling target of 2 million tons and may offload more than 2 million tons of cotton from its huge reserve. Weather condition turning favourable for cotton sowing in Gujarat and Maharashtra as monsoon rainfall deficit has narrowed.Cotton prices in spot market dropped by 80.00 rupees and settled at 22860.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co