Cotton Complex Continue To Trade Mixed

Cotton complex continue to trade mixed to higher on reports of lower supplies of cotton in domestic market coupled with report of slow sowing progress and pest attack in north India. NCDEX Kapas for Apr’17 closed 0.11% lower while MCX Jul’16 cotton closed higher by 1.86%. As per industry officials, India's cotton imports may double this year following a 30% increase in domestic prices over the past three months and increase in reliance on the commodity from Pakistan, West Africa, Brazil and Australia

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