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EPIC RESEARCH NCDEX COTTON UPDATE OF 15 DECEMBER 2017

Cotton trading range for the day is 19293-19573.Cotton prices gained on lower arrivals and expectation of fall in domestic output due to pink bollworm attacks in some states.Cotton Advisory Board expects India's cotton output in the year started October to rise 9% to 377 lakh bales (1 bale = 170 kg) due to an increase in acreage. USDA trimmed India's 2017-18 cotton output and ending stocks forecast while hiked consumption estimates in its December report. Cotton prices in spot market gained by 120.00 rupees and settled at 18880.00 rupees.

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EPIC RESEARCH NCDEX COTTON UPDATE OF 15 DECEMBER 2017

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