MUMBAI (Commodity Online): NCDEX Kapas (raw cotton) for March delivery hits upper circuit at Rs 965.00 on Monday on demand from exporters and local mills.
According to the analysts, the export demand has picked up as the latest United States Department of Agriculture (USDA) reports lowered its estimates for 2011 rice and Cotton production.
On NCDEX, Kapas for February delivery traded up 3.84% to Rs 963.50 on 16th January at 12:15 IST