Wednesday, March 8, 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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