Cotton Futures On MCX Gain Slightly On Wednesday



Cotton futures on MCX gain slightly on Wednesday but traded in a narrow range due to anticipation of good supplies in coming weeks. Moreover, India's 2016-17 cotton imports are set to jump more than a third from a year ago to a record 30 lakh bales on stronger rupees. On export front, country has so far contracted about 45 lakh bales in the current crop year, and total exports in the season could be around 5 million bales, down 30% from a year ago.

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