EPIC RESEARCH NCDEX UPDATE OF COTTON 11 MAY 2018

• Cotton trading range for the day is 20593-20873.
  
• Cotton prices ended with losses amid projection of rise in US acreage in the next season.
• The cotton crop for 2017-18 season is expected to remain at 36 million bales, as estimated earlier, said Cotton Association of India (CAI). 
• China's cotton inventory will plunge by 20 percent in the upcoming 2018/19 season to 6.01 million tonnes.
• Cotton prices in spot market gained by 140.00 rupees and settled at 20250.00 rupees. 

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