Tuesday, March 13, 2018

EPIC RESEARCH NCDEX UPDATE OF COTTON 13 MARCH 2018


  • Cotton trading range for the day is 20353-21133.
  • Cotton prices dropped amid lower demand and higher output projection.
  • Pressure also seen on fall in India's export demand amid higher global output estimates.
  • USDA increased global cotton production forecast for 2017-18 to 121.94 million bales from previous month's estimate of 121.37 million bales.
  • Cotton prices in spot market dropped by 80.00 rupees and settled at 20020.00 rupees. 

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