Cotton complex traded on a mixed note on Wednesday. Kapas prices declined on revival of monsoon coupled pickup in sowing activities and settled 1.37% lower. Concerns over global demand and record high output have also pressurized prices. However, MCX cotton recovered from lower levels on short coverings and settled 0.83% higher.Cotton Association of India has revised its 2013-14 output to 395 lakh bales. The CCEA has increased MSP for cotton by Rs. 50 to Rs.3,750 for medium staple variety and to Rs.4,050 for
long staple variety.
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