Cotton Prices On MCX Closed Higher While NCDEX

Cotton prices on MCX closed higher while NCDEX Kapas fall on Thursday tracking as Cotton Association of India has maintained its estimate for production of cotton in the country in 2016-17 (Oct-Sep) at 341 lakh bales (1 bale = 170 kg), it had projected in January. The supply of cotton in the domestic market is steady so as the demand from the ginners and textile mills. The cotton arrivals are in full swing and gap of arrivals compared to last year has narrowed down.

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