Cotton Complex Closed Higher

Cotton complex closed higher last week due to good demand for the new season crops from ginners and textile industries coupled with pick up in arrivals in the physical market. Last week, NCDEX Kapas forApr’17 closed 1.21% higher while MCX Dec’16 cotton closed 1.17% higher. For the current season, cotton arrivals in the country is expected to have reached about 20 % for total expected arrivals of 350 lakh bales at 68.25 lakh bales (lb) as on 15 Dec, 2016.

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