NCDEX kapas down nearly 1% on favourable monsoon.

The April contract of kapas on the NCDEX was down nearly 1%, as favourable monsoon in Maharashtra over the last few days has raised hopes of higher yield. Rains in Marathwada and Vidarbha region of Maharashtra in the last few days have eased worries of yield loss. Tracking the fall in prices of kapas, cottonseed oil cake prices also ended lower today. Weak demand from the cattle-feed industry kept the prices subdued