Cotton On MCX Settled Down By -0.15% At 20600

Cotton on MCX settled down by -0.15% at 20600 due to subdued demand from traders and stockists at the spot market. Though, some losses were capped on reports of lower production from major growing regions. The cotton arrivals in the physical markets have seen improving during last week compared to previous weeks but still the normal arrivals have not seen Gujarat and Maharashtra this season. As on Jan 30, 2017 about 146.5 lakh bales have arrived in the market. Maharashtra is leading the arrivals figures at 40.7 lakh bales followed by Gujarat at 31.8 lakh bales. In Dec 2016, India exported about 60,850 tonnes cotton to China, up 89% yoy. China imported highest cotton from India than from any other country in the month of December 2016.

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