Cotton Complex Prices Continue


Cotton complex prices continue to trade down since one month due to lower physical demand and expectation of higher production coupled with limited export potential in the coming year. NCDEX Kapas for Apr’17 closed 2.04% down while MCX Oct’16 cotton closed lower by 2.75%. In its first estimate, the Cotton Association of India (CAI), the apex trade body of the fibre crop, has pegged the output for the year starting October 2016 at 336 lakh bales of 170 kg each.

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