EPIC RESEARCH NCDEX UPDATE OF COTTON 14 DECEMBER 2016

Cotton trading range for the day is 18760-19140. Cotton prices gained due to improved demand from domestic mills in the spot market. India's cotton output forecast for 2016-17 at 27 million bales (480 lb bales), USADA said in its WASDE report. USDA trimmed India's cotton consumption to 23.75 million bales as compared to 24 million bales previous estimates. Cotton prices in spot market gained by 90.00 rupees and settled at 18680.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300