Cotton Complex Corrected Yesterday

Cotton complex corrected yesterday after two days of consecutive uptrend. However, there is good demand from domestic mills as CCI is actively auctioning cotton bales from its reserves. NCDEX Kapas for Apr’17 closed lower by 0.51% while MCX Jun’16 cotton closed 0.23% lower. There is an expectation of good demand for cotton in the absence of quality cotton in the domestic market.

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