EPIC RESEARCH NCDEX UPDATE OF COTTON 30 DECEMBER 2016

Cotton trading range for the day is 19060-19380. Cotton prices ended with gains tracking firmness in spot demand on lower output estimates. Cotton arrival which usually increases during Nov-Dec was delayed due to Demonetisation. India opening stock for 2016-17 stood at 4.3 million bales as compared to 6.6 million bales last year. Cotton prices in spot market gained by 120.00 rupees and settled at 19030.00 rupees. To get reliable and quality NCDEX Tips ✆ – 0731-6642300