Monday, March 27, 2017

EPIC RESEARCH NCDEX UPDATE OF COTTON 27 MARCH 2017

  • Cotton trading range for the day is 21173-21453. 
  • Cotton traded in range amid expectation of export demand on poor response to state reserve auction in China. 
  • Cotton yarn exports to China may increase due to poor response to state reserve auction in China. 
  • Cotton prices can see support on speculation of an El Nino at the beginning of the monsoon. 
  • Cotton prices in spot market gained by 10.00 rupees and settled at 21090.00 rupees.
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