EPIC RESEARCH NCDEX UPDATE OF COTTON 27 DECEMBER 2016

Cotton trading range for the day is 18923-19203. Cotton prices ended with gains on improved demand from bulk consumers and falling arrivals in local mandis. USDA has revised its consumption forecast downwardly for India from 24 million bales of 480 lb each to 23.75 million bales. China Cotton Association estimated total cotton acreages for year 2017-18 in China may increase by 2.2% on year. Cotton prices in spot market gained by 180.00 rupees and settled at 18980.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300