EPIC RESEARCH NCDEX UPDATE OF COTTON 23 DECEMBER 2016

Cotton trading range for the day is 18723-19183. Cotton prices dropped tracking weak spot demand and due to rising arrivals from major producing belts. For the current season, cotton arrivals in the country is expected to have reached about 20 % for total expected arrivals. As per USDA monthly report, for India, the 2016/17 crop is forecast at 27.0 million bales, up 2% from 2015/16. Cotton prices in spot market gained by 90.00 rupees and settled at 18780.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300