Cotton complex ended on negative note in the last trading sessions on ample supplies in the domestic market. MCX Cotton Mar Futures closed 0.53 % lower and NCDEX Kapas April’15 closed 0.40% lower. Cotton price may edge higher on expectation of fresh export demand from new export designations Viz. Vietnam and Indonesia.
The state-run Cotton Corp of India (CCI) started to sell cotton through electronic auctions as it struggles to store purchases of over 78 lakh bales procured in the current crop season.
Cotton futures may trade mixed on reduced production estimates and good response to CCI e-auctions in the domestic market. Selling on higher levels may be negative for the prices.Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
The state-run Cotton Corp of India (CCI) started to sell cotton through electronic auctions as it struggles to store purchases of over 78 lakh bales procured in the current crop season.
Cotton futures may trade mixed on reduced production estimates and good response to CCI e-auctions in the domestic market. Selling on higher levels may be negative for the prices.Visit Here
http://www.epicresearch.co
GET FREE TRIAL +91 731 6642300
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