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Cotton markets in India continued to reel under demand pressure. Weak demand from mills remained sluggish pushing cotton prices down by about 3% or INR1,000 per candy of 355 kg over the week. According to reports, prices also declined due to poor export demand. Cotton exports in December were good but reversed in January, giving back the fibre to domestic mills. Traders believe that prices will decline further by another INR500 a candy in coming weeks.
