EPIC RESEARCH NCDEX UPDATE OF COTTON 08 DECEMBER 2016

Cotton trading range for the day is 18670-18970. Cotton prices dropped due to sluggish demand from traders and stockists at the spot market. Though, expectation of low output from major producing belts of Gujarat due to Pink bollworm attack, capped some losses in cotton. As per latest release by CAI, the total supplies of cotton in the domestic market during 2016/17 will be lower at 408 lakh bales. Cotton prices in spot market dropped by 190.00 rupees and settled at 18720.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300