EPIC RESEARCH NCDEX UPDATE OF COTTON 28 November 2016

Cotton trading range for the day is 18807-19227. Cotton prices gained as the arrivals improve in local mandis. 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. CAB in its meeting 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 dropped by 40.00 rupees and settled at 18910.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300