![Cotton fell under profit booking](https://market-tracker.in/wp-content/uploads/2023/11/taking-cotton-from-branch-by-farmer-600x400.jpg)
Cotton fell under profit booking
Prices for cotton candy dropped somewhat, by -0.27%, to settle at 58,460. This decline was mostly caused by profit bookings after a recent price rise. The decrease coincides with the CAI’s prediction that India’s cotton output for the 2023–2024 season will decrease by 7.5% to 29.5 million bales as a result of reduced planted area…