EPIC RESEARCH NCDEX UPDATE OF COTTON 02 SEPTEMBER 2016

Cotton trading range for the day is 19480-20220. Cotton prices ended with gains due to rising demand from traders and stockists at the spot market. 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 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. Cotton prices in spot market dropped by 40.00 rupees and settled at 21140.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co