 [START_ENT] Indian [END_ENT] cotton trade shut for local festival .  BOMBAY 1996-08-28  India 's cotton trade was shut on Wednesday for a local religious festival , dealers said .  Trading will resume on Thursday .  On Tuesday , cotton prices fell on profit-taking prompted by increased offerings from state agencies .  " Export deals remained thin and hardly a few thousand bales were traded at the rate of 57.50 / 60 cents per pound , " one broker said .  -- Bombay Commodities +91-22-265 9000
India