EPIC RESEARCH NCDEX UPDATE OF COTTON 08 MARCH 2017

• 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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