Capital stroke NCDEX Update : COTTON 20 MAY 2014

NCDEX Kapas as well as MCX Cotton futures settled 0.37% and 0.5% lower. Cotton Association of India has revised its 2013-14 output marginally higher from its previous estimates.Cotton prices are expected to trade on a negative note on global demand concerns, higher output, lower cotton yarn exports and comfortable supplies. However, forecast of below normal rains in the 2014 monsoon season and declining supplies in the physical markets limit the downside.

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