EPIC RESEARCH NCDEX UPDATE OF COTTON 15 November 2016

Cotton trading range for the day is 18553-19313. Cotton prices gained due to higher demand for new season crop from textile mills and ginners. USDA hiked India's 2016-17 exports. India's 2016-17 exports are expected to rise to 4.20 million bales from 3.90 million bales. There is decline in cotton supply in Gujarat State, from around arrivals of 35,000 bales of cotton during Diwali, arrivals have declined to around 15000 bales. Cotton prices in spot market dropped by 540.00 rupees and settled at 18890.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300