Cotton On MCX Settled Down -0.18% At 21880



Cotton on MCX settled down -0.18% at 21880 as production of cotton in India is expected to go up this year, according to a report. India's cotton production is expected to increase to 6.45 million tonne (mt) this season, from 5.88 mt in 2015-16. The Cotton Advisory Board (CAB) has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16 against 386 lb last year but estimated a comfortable cotton supply position of 43 lb for the cotton season of 2015-16.

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