EPIC RESEARCH NCDEX UPDATE OF COTTON 29 DECEMBER 2016

Cotton trading range for the day is 19057-19297. Cotton prices ended with gains on lower arrivals due to the impact of the currency crunch. Export demand Indian cotton is also likely to improve from Pakistan as Pakistan government has lifted the ban on import cotton from India 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. Cotton prices in spot market dropped by 50.00 rupees and settled at 18910.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300