EPIC RESEARCH NCDEX UPDATE OF COTTON 16 AUGUST 2016

Cotton trading range for the day is 21570-22010.Cotton prices ended with losses due to good sowing progress as widespread rains brighten the prospects on cotton production. India exported 0.812 lakh bales of cotton in the month of July 2016 compared to 1.640 lakh bales of cotton during previous month.The production of cotton is likely to decline by 12.4% to hit the lowest in five years for the current crop year. Cotton prices in spot market gained by 130.00 rupees and settled at 22670.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co