EPIC RESEARCH NCDEX UPDATE OF COTTON 18 November 2016

Cotton trading range for the day is 18957-19997. Cotton dropped on profit booking after prices gained due to improved demand for new season crop from textile mills and ginners. 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 CAB in its meeting held estimated cotton output at 35.1 million bales of 170 kg each for the cotton year 2016-17 that started on October 1 Cotton prices in spot market gained by 220.00 rupees and settled at 19240.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300