![Cotton prices declined due to profit taking](https://market-tracker.in/wp-content/uploads/2023/10/cotton-2047302_1280-600x400.jpg)
Cotton prices declined due to profit taking
Due to profit booking, Cottoncandy had a -0.63% decline, finishing at 60,400 after earlier price hikes brought on by news of a pink bollworm attack in Haryana’s cotton region. Reduced output and consumption in the forecast period of 2023–24 provide problems for the global cotton business. Cotton output, exports, and ending stocks are expected to…