EPIC RESEARCH NCDEX UPDATE OF COTTON 17 JANUARY 2017

Cotton trading range for the day is 19587-20127. Cotton prices ended with losses on subdued demand from bulk consumers and increasing arrivals in domestic market. USDA trimmed India's domestic cotton consumption to 23.25 million bales as compared to 23.75 million bales previous estimates. About 130,000 to 150,000 bales of cotton has been arriving on daily basis which is likely to increase in coming days. Cotton prices in spot market dropped by 260.00 rupees and settled at 19760.00 rupees. 

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