EPIC RESEARCH NCDEX UPDATE OF COTTON 02 November 2016

Cotton trading range for the day is 18230-18530. Cotton prices ended with losses due to subdued demand from traders and stockists at the spot market. Cotton output in 2016-17 is likely to rise by 3.8 per cent in from a year ago due to a sharp increase in yield following a favourable monsoon. The cotton output was 33.8 million bales in 2015-16. Area under Bt cotton has fallen from 10.68 mn hectares in 2015-16 to 8.61 mn h in 2016-17. Cotton prices in spot market gained by 50.00 rupees and settled at 18640.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300