Cotton On MCX Settled Up By 1.21% At 20140

Cotton on MCX settled up by 1.21% at 20140 due to rising demand from domestic mills. Besides, lower output from major producing belts of Punjab and Haryana, also fuelled the uptrend. Cotton area in Punjab and Haryana has declined 27 per cent to 7.56 lakh hectares in the 2016-17 crop year as farmers shifted to other crops after incurring huge losses due to whitefly pest attack last year also fuelled the uptrend.

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