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Cotton prices to trade sideways to higher: Angel Commodities – Moneycontrol.com

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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.

Outlook
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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