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Home » News » Brokerage Recos - Commodities

Feb 16, 2017, 12.23 PM | Source: Moneycontrol.com

Expect Cotton prices to trade sideways to higher: Angel

According to Angel Commodities, expect cotton and kapas futures to trade sideways to higher on reports of lower domestic production and procurement by CCI may support prices.

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Expect Cotton prices to trade sideways to higher: Angel

According to Angel Commodities, expect cotton and kapas futures to trade sideways to higher on reports of lower domestic production and procurement by CCI may support prices.

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, Angel Commodities |


Angel Commodities' report on Cotton

Cotton on MCX traded flat while kapas prices closed higher on NCDEX on Wednesday. The prices have been trading in a range as arrivals have improved in the physical market. However, good domestic and export demand from neighboring countries keeping the prices at higher levels.

Outlook

We expect cotton and kapas futures to trade sideways to higher on reports of lower domestic production and procurement by CCI may support prices. However, the prices may correct from the current levels on improving supplies in the physical market.

For all commodities report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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Expect Cotton prices to trade sideways to higher: Angel

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