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EPIC RESEARCH NCDEX COTTON UPDATE OF 16 MARCH 2017

Cotton trading range for the day is 20850-21570.Cotton prices ended with gains on late short covering afterprices dropped due to weak demand from traders and stockists at the spot market.Lower prices have attracted good export order from Bangladesh and Vietnam, whereas large quantity of cotton is expected to export to Australia.International Cotton Advisory Committee (ICAC) forecasted India's cotton production to rise by 2% to 5.9 million tons.Cotton prices in spot market dropped by 100.00 rupees and settled at 20630.00 rupees.

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EPIC RESEARCH NCDEX COTTON UPDATE OF 16 MARCH 2017

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