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Today in morning time, mcx market looking with in green side and cotton also traded at upper side with optimistic prices and cotton goes above side with 70.00 points and stands with 14690.00 points.
Considering the exemption in registration process for exporting cotton and yarn, India Cotton prices may sustain at current levels or take positive trend in coming months, according to our adviser.
There are encouraging signs of cotton exports to Vietnam, Indonesia and Bangladesh and weakening of rupee might make Indian cotton competitive in the international market.
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