Cotton Prices Settled Flat Due To Weak

Cotton prices settled flat due to weak demand from domestic mills at the spot market. Though, some 
losses were capped on reports of lower production from major producing belts. India's cotton arrivals falls 5% to 12.83 million bales on late commencement of supplies though output for the 2016-17 is expected to higher. Last year arrivals till date stood at 13.51 million bales, according to CCI (Cotton Corporation of India) data. Owing to an increase in planted area, the world cotton production will rise by two per cent to 23.4 million tons, the International Cotton Advisory Committee (ICAC) has predicted in its first estimate of 2017-18 crop.

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