Feb 15, 2017 11:47 AM IST | Source: Moneycontrol.com
Expect Cotton futures to correct from the current levels: Angel
According to Angel Commodities, expect cotton and kapas futures expected to correct from the current levels on improving supplies in the physical market.
Angel Commodities report on Cotton
Cotton on MCX and kapas prices on NCDEX closed lower on Tuesday as arrivals have improved in the physical market. However, improving domestic and export demand from neighboring countries keeping the prices at higher levels.
We expect cotton and kapas futures expected to correct from the current levels on improving supplies in the physical market. Moreover, reports of lower domestic production, good exports and procurement by CCI may support prices.
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