EPIC RESEARCH NCDEX UPDATE OF COTTON 26 AUGUST 2016

Cotton trading range for the day is 19580-20900. Cotton settled up as cotton production in Maharashtra is likely to fall by 10 to 15 per cent this year. Despite good spread of rains after a gap of 3-4 years, farmers sowed cotton only on 12.10 lh as on August 17. The Cotton Advisory Board has lowered the forecast and now estimates the output at 33.8 million bales for the current crop year Cotton prices in spot market dropped by 10.00 rupees and settled at 21920.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co