EPIC RESEARCH NCDEX UPDATE OF COTTON 24 October 2016

Cotton trading range for the day is 19140-19460. Cotton prices dropped on subdued demand from bulk consumers and higher supplies in local mandis. Domestic demand of fiber has been moderate since beginning of the current season started in October due to quality issue. India continued to import in the month of October and so far close to 230,000 bales have been imported till Oct 18. Cotton prices in spot market dropped by 640.00 rupees and settled at 19410.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300