Cotton Complex Prices Closed Mixed On Thursday

Cotton complex prices closed mixed on Thursday due to expectation of supply pressure good demand from new season crops in coming weeks coupled with good demand for raw cotton from the ginners. NCDEX Kapas for Apr’17 closed higher by 2.78% while MCX Oct’16 cotton closed lower by 0.66%. Moreover, the mills have slow down the purchases of cotton on anticipation of lower prices during peak arrivals in December and January.

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