EPIC RESEARCH NCDEX UPDATE OF COTTON 12 AUGUST 2016

Cotton trading range for the day is 21547-21987. Cotton prices gained as cotton production in the country is expected to hit a seven-year low in 2016-17. As per latest estimate by government, cotton is planted in 96.5 lh in the country, down by 8.7 per cent against 105.7 LH last year as on 05 Aug.Cotton sowing progress increased by more than 4.5% on w-o-w basis due to good the progress of monsoon rains. Cotton prices in spot market dropped by 120.00 rupees and settled at 20540.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co