EPIC RESEARCH NCDEX UPDATE OF COTTON 18 AUGUST 2016

Cotton trading range for the day is 20883-21283. Cotton prices gains on short covering tracking firmness in spot demand after prices dropped in last some sessions on reports of improved acreage. According to latest estimates by the government, cotton has been planted on 99 lakh hectares (lh), down 8.9 per cent from 108.7 lh last year. As per latest USDA report, world cotton production for 2016-17 will increase by 1 million tonnes (mt) or 4 per cent compared to last year’s production Cotton prices in spot market dropped by 30.00 rupees and settled at 22330.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co