EPIC RESEARCH NCDEX UPDATE OF COTTON 4 AUGUST 2016

Cotton trading range for the day is 21790-22390. Cotton prices dropped due to subdued demand from traders and stockists at the spot market.Though, cotton output is estimated to decline to 30.52 million bales in 2015-16 from 34.80 million bales last year, capped some losses. Cotton sowing in Gujarat, major fibre producing state, slumped by 20% to 2.42 million hectares on late arrivals of monsoon. Cotton prices in spot market gained by 50.00 rupees and settled at 22550.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co