Cotton complex corrected from higher levels on Tuesday on profit taking. Concerns over global demand coupled with higher output last year and weak cotton yarn exports to China capped sharp gains. NCDEX Kapas as well as MCX Cotton futures settled 0.51% and 0.45% lower. Prices gained over the last few sessions on forecast of below normal rains coupled with weak sowing, demand from the domestic mills and positive overseas markets. Cotton Association of India has revised its 2013-14 output to 388.25 lakh bales
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