EPIC RESEARCH NCDEX UPDATE OF COTTON 12 SEPTEMBER 2016

Cotton trading range for the day is 19603-20503. Cotton prices dropped due to subdued demand from traders and stockists at the spot market. However downside seen limited on lower than expected cotton production forecasted by USDA. Cotton production in India, will recover less rapidly than previously thought, as weak rains limit yield recovery, US officials say. Cotton prices in spot market gained by 20.00 rupees and settled at 20710.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co