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EPIC RESEARCH NCDEX COTTON UPDATE OF 20 Oct 2016

Tags: cotton ncdex
Cotton trading range for the day is 19393-19813.
Cotton prices ended with losses as government estimated higher production for 2016-17.
Further, lower export demand due to rising geo-political tensions between India-Pakistan also fuelled the downtrend.
US department of agriculture (USDA) maintained India's cotton output forecast for 2016-17 at 26.5 million bales.
Cotton prices in spot market dropped by 210.00 rupees and settled at 20390.00 rupees.





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EPIC RESEARCH NCDEX COTTON UPDATE OF 20 Oct 2016

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