Cotton Complex Corrected For The Second Consecutive Session Yesterday

Cotton complex corrected for the second consecutive session yesterday on profit booking however, short supply and good demand from domestic mills capped further decline. NCDEX Kapas closed 1.00 per cent down while MCX cotton closed down by 0.24 per cent. Recently, Gujarat government increased MSP for the state and farmers are anticipating other states to follow suit. Price are supportive and trading sideways to higher due to steady trading activity in cotton as mills is showing interest in fresh buying of fine quality cotton.

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