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EPIC RESEARCH NCDEX COTTON UPDATE OF 21 Oct 2016

Cotton trading range for the day is 19190-19850.
Cotton prices remained under pressure due to expectation of supply pressure good demand from new season crops in coming weeks.
As per latest estimate by government, cotton is planted in 105.6 lh in the country, down by 11.6% against 116 lh last year.
According to USDA, production in India is forecast at 26.5 million bales (5.77 million tonnes), up marginally from 2015/16.
Cotton prices in spot market dropped by 640.00 rupees and settled at 19410.00 rupees.


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EPIC RESEARCH NCDEX COTTON UPDATE OF 21 Oct 2016

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