EPIC RESEARCH NCDEX UPDATE OF COTTON 17 October 2016

Cotton trading range for the day is 19217-20437. Cotton prices ended with gains due to improved demand in the spot market against restricted arrivals from producing belts. According to data from the Ministry of Agriculture, cotton acreage is down 11.7% to 102.79 lakh hectare from 116.41 lakh hectare last year. India's cotton imports are expected to rise at 150,000 bales as compared to 100,000 bales previous estimates. Cotton prices in spot market dropped by 430.00 rupees and settled at 20280.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300