Cotton On MCX Settled Up By 1.3% At 20210

Cotton on MCX settled up by 1.3% at 20210 on improved demand from bulk consumers and falling arrivals in local mandis. Bangladesh has been increasing its cotton import from India, which is supporting factor for the Indian market. Increasing demand for the cotton across major spot markets has been supporting the futures market. Increased consumption demand from millers as well as intensified buying by Cotton Corporation of India (CCI) at commercial rates is helping fibre prices. CCI has announced commercial operations of procuring around 1.5 million bales at market price and so far bought 10,000 bales

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