Cotton Complex Closed Down Yesterday

Cotton complex closed down yesterday as new season cotton started to arrive in the physical market. There are chances of heavy rains in Central and western India in the last week of September or 1st week of October, fears of crop damage in the states of Maharashtra, Telangana and Andhra Pradesh. NCDEX Kapas for Apr’17 closed 0.11% down while MCX Oct’16 cotton closed down by 1.15%.

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