EPIC RESEARCH NCDEX UPDATE OF COTTON 20 October 2016

Cotton trading range for the day is 19393-19813. Cotton prices ended with losses as government estimated higher production for 2016-17. Further, lower export demand due to rising geo-political tensions between India-Pakistan also fuelled the downtrend. US department of agriculture (USDA) maintained India's cotton output forecast for 2016-17 at 26.5 million bales. Cotton prices in spot market dropped by 210.00 rupees and settled at 20390.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300