Wednesday, April 5, 2017

  • Cotton futures on MCX closed lower on Tuesday 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 3 million bales as the rupee's rise makes buying overseas cheaper. The country has so far contracted to export 4.5 million 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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