EPIC RESEARCH NCDEX UPDATE OF COTTON 31 AUGUST 2016

Cotton trading range for the day is 19527-20147. Cotton prices dropped as industrial demand is muted on want of good quality cotton. Cotton planting in the country is likely to fall to the lowest in seven years in the 2016-17 due to shift to pulses and oilseeds by farmers. As per latest estimate by government, cotton is planted in 101.5 lh in the country, down by 7.9 per cent against 110.2 lh last year. Cotton prices in spot market dropped by 140.00 rupees and settled at 21320.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co