Angel Commodities’ report on Cotton
MCX Cotton Oct futures continue to trade higher on good demand for new season cotton and reports of good exports demand for Indian cotton from the Asian countries . Moreover, wet weather in the states like Telangana may damage ready to harvest cotton which may further cut down on production.
Cotton futures are expected trade sideways to higher on reports of lower than expected crop size , cci procurement and improved exports demand for Indian cotton. However, expectation of good production and carryover stocks for the next season may keep domestic prices steady during the arrival seasons.
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