MCX cotton futures continued to trade on weaker

MCX cotton futures continued to trade on weaker note on Wednesday on extended selling pressure backed by bearish fundamental factors. The weakness in MCX cotton futures market will continue during the day on extended selling pressure backed by bearish fundamental factors.

In the kharif 2017, Indian farmers had planted more area with cotton encouraged by good returns in the last season, which is resulting into higher crop in the current season. Higher acreage and favourable weather condition during crop growth stage is resulting higher crop size in the current season.

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