EPIC RESEARCH NCDEX UPDATE OF COTTON 9 AUGUST 2016

Cotton trading range for the day is 22043-22883.Cotton prices seen supported on lower sowing prospects and track robust international markets. Total cotton sowing area in Gujarat has lagged behind by 16% Y/Y as about 2.18 million hectares land sown under cotton.According to preliminary report by the government, cotton sowing as on 5th August, 2016 has been covered under 96.48 lakh hectares. Cotton prices in spot market gained by 200.00 rupees and settled at 22940.00 rupees.For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co