NCDEX Kapas futures and MCX Cotton settled marginally higher on account of lower arrivals and expected higher demand.According to the data released by Cotton Corporation of India, Supplies
until Dec. 16 fell to 6.2 million bales of 170 kg each, down from 6.9 million bales a year earlier. Arrivals were down by 12.5 percent as on 9th December. However, it is still below expectations as many farmers, who are waiting for better returns, hold back their produce.
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