Cotton On MCX Settled Up By 0.79% At 20320


Cotton on MCX settled up by 0.79% at 20320 due to reports of lower supplies as delayed arrival of monsoon is affecting the cotton acreage in the key growing regions of Central and South India. 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. These two states had planted cotton in 10.3 lakh hectares in the 2015-16 crop year (July-June). "Sowing of cotton in Punjab and Haryana has been completed.

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