EPIC RESEARCH NCDEX UPDATE OF COTTON 17 AUGUST 2016

Cotton trading range for the day is 20600-21560.Cotton prices dropped on subdued demand from bulk consumers and improved demand weather conditions are helping sowing prospects. Cotton planting is at fag end and is completed on 9.90 million hectares as compared to 10.86 million hectare last year. China has sold about 1.7 million tons of cotton so far through auction began in starting of May of current year. Cotton prices in spot market dropped by 310.00 rupees and settled at 22360.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co