EPIC RESEARCH NCDEX UPDATE OF COTTON 15 DECEMBER 2016

Cotton trading range for the day is 18850-19250. Cotton gained due to improved demand from traders and stocksists at the spot market. World cotton stocks are forecast to decline 8 percent (7.7 million bales) in 2016/17 to 89.1 million bales, the lowest in 5 years. CAB estimated cotton output at 35.1 million bales of 170 kg each for the cotton year 2016-17. Cotton prices in spot market gained by 60.00 rupees and settled at 18740.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300