Cotton Complex Traded On Mixed Note In Friday

Cotton complex traded on mixed note in Friday but closed lower for the week due to profit booking in the futures market. Prices may be supported on higher levels on reports of lower supplies in domestic market as India is importing cotton from Pakistan. NCDEX Kapas for Apr’17 closed 0.71% lower while MCX Jun’16 cotton closed higher by 0.10%. As per industry officials, India has contracted to import 20,000 bales from Pakistan for shipment this month after Indian prices jumped because of limited supply.

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