Cotton On MCX Settled Down By -0.24% At 20830

Cotton on MCX settled down by -0.24% at 20830 due to subdued demand in local mandis due to poor quality. During March China's cotton import from India jumped two fold to 138,000 tons as compared to same period a month ago. Total cotton imported during the first quarter stood at 254,000 tons which was up 67.2% as compared to same period a month ago. According to Cotton Corporation of India (CCI), total cotton arrivals across the country till Apr 20 stood at 28.79 million bales of 170 kg out of 34.05 million bales. Arrivals in Maharashtra stood at 7.97 million bales followed by Gujarat at 7 million bales and Telangana at 4.18 bales, CCI data showed.

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