Cotton Complex Continue

Cotton complex continue its recovery recovered on Thursday from the lower levels. However, physical demand is slowing down from the textile industry waiting for new season crop in October. NCDEX Kapas for Apr’17 closed 0.21% higher while MCX Oct’16 cotton closed higher by 0.24%. To increase the physical supplies, government decided that the Cotton Corporation of India (CCI) will sell its existing stock purchased under minimum support price to MSME spinning mills on account of recent spurt in cotton prices.

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