EPIC RESEARCH NCDEX UPDATE OF COTTON 28 DECEMBER 2016

Cotton trading range for the day is 18973-19273. Cotton prices ended with gains on improved demand from bulk consumers and on lower output estimates. Cotton output in 2016-17 is expected to rise to 35.1 million bales from 33.8 million bales last year, the Cotton Advisory Board said. Cotton export is likely to show a strong performance in the coming months as China's fresh cotton quality was average. Cotton prices in spot market dropped by 20.00 rupees and settled at 18960.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300