EPIC RESEARCH NCDEX UPDATE OF COTTON 8 AUGUST 2016

Cotton trading range for the day is 22337-22897.Cotton prices ended with gains as USDA estimates that global stockpiles will drop by 9 million bales to 91.29 million bales by July 2017. Total cotton sowing area in Gujarat has lagged behind by 16% Y/Y as about 2.18 million hectares land sown under cotton. For the 2016-17 marketing year, USDA reported weekly US exports of 226,700 bales of cotton, a 25% increase from the previous week.Cotton prices in spot market gained by 170.00 rupees and settled at 22740.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co