Cotton Complex Prices Traded Lower

Cotton complex prices traded lower for the second consecutive day as new season cotton may arrive in 2 weeks time. Moreover, the sudden spell of heavy rains in cotton-growing regions of Maharashtra, Gujarat, Telangana and Karnataka during the last 10 days may lift the yield by an additional 10 %, as per officials of the Nagpur-based Central Institute for Cotton Research (CICR). NCDEX Kapas for Apr’17 closed lower by 1.00% while MCX Oct’16 cotton closed down by 2.32%.

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