EPIC RESEARCH NCDEX UPDATE OF COTTON 06 DECEMBER 2016

Cotton trading range for the day is 18973-19213. Cotton prices gained on expectation of improved demand for new season crop from textile mills. Rains affected BT cotton crop grown in about 32,000 hectares in Tiruchi and Perambalur districts. USDA weekly crop progress report showed that 77% of cotton crops were harvested in US by the week ended Nov. 27, up from 67 % in the previous week. Cotton prices in spot market gained by 20.00 rupees and settled at 18920.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300