Cotton Prices On MCX And NCDEX Kapas Closed Lower On Tuesday

Cotton prices on MCX and NCDEX Kapas closed lower on Tuesday on profit booking and weak international prices. CAI estimated output at 341 lakh bales and revised its consumption higher at 295 lakh bales compared to 290 last year. Meanwhile, CCI may have purchased close to 1 lakh bales from the physical market which might put pressure on prices later in season

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