Cotton Complex Prices

Cotton complex prices recovering during the last week due to forecast of lower production and reports of pest damage in Gujarat. Moreover, chances of heavy rains in western and South India in 1st half of October may crop damage cotton crop in the states of Maharashtra, Telangana and Andhra Pradesh. During the last week, NCDEX Kapas for Apr’17 closed higher by 1.12% while MCX Oct’16 cotton closed higher by 0.51%. However as new season cotton started to arrive in the physical market.

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