Cotton Complex Closed Higher Yesterday

Cotton complex closed higher yesterday as government decided not to buy further cotton under MSP as prices are higher due to good exports. State-run CCI has purchased 8 lakh bales so far in the 2015-16 marketing year and decided not to buy more as domestic prices have firmed up slightly after demand from Pakistan. NCDEX Kapas closed 2.45 per cent higher while MCX cotton closed higher by 1.06 %.

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