EPIC RESEARCH NCDEX UPDATE OF COTTON 06 SEPTEMBER 2016

Cotton trading range for the day is 19237-19977. Cotton prices dropped due to lower physical demand and expectation of higher production coupled with limited export potential. In its first estimate, the CAI has pegged the output for the year starting October 2016 at 336 lakh bales of 170 kg each. According to preliminary report by the government, cotton sowing has been covered under 96.48 lakh hectares. Cotton prices in spot market dropped by 80.00 rupees and settled at 21060.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co