EPIC RESEARCH NCDEX UPDATE OF Cotton 5 May 2017

• Cotton trading range for the day is 20403-20883. 
  
•  Cotton prices gained on short covering after prices dropped amid the reports of higher supplies this season th. 
• Cotton output in Haryana, among the largest producers of the cash crop, is estimated to surge 106% on year to 2.04 mln bales in 2016-17. 
•  India's cotton imports during the current crop year (Oct-Sep) may jump 36% on strong rupee and poor quality of domestic cotton. 
•  Cotton prices in spot market dropped by 150.00 rupees and settled at 20330.00 rupees.

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