Cotton On MCX Settled Down By -0.05% At 20200

Cotton on MCX settled down by -0.05% at 20200 due to subdued demand from traders and stockists at the spot market. Though, fall in arrivals from major growing regions capped some losses in cotton prices. The production of cotton is expected to touch around 345 lakh bales during 2016-17 as compared to around 338 lakh bales produced in 2015-16 crop year. Cotton Association of India (CAI) expects that on account of better weather conditions across all cotton growing regions of the country there will be an improvement in productivity.

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