EPIC RESEARCH NCDEX UPDATE OF COTTON 10 October 2016

Cotton trading range for the day is 19680-20020. Cotton prices gains as support came after update a 12% drop in acreage. Cotton was planted on 102.55 lakh hectares this year, down 12% from the previous year. As per the agriculture ministry’s first advance estimate, production is expected to be 32.12 million bales. Cotton prices in spot market dropped by 100.00 rupees and settled at 22210.00 rupees. For more information ✆ - 0731-6642300 Visit http://www.epicresearch.co