Cotton On MCX Settled Down By -1.09% At 20880

Cotton on MCX settled down by -1.09% at 20880 after a recent release from the CAI confirmed the trend of higher arrivals in the market. Normally, cotton prices tend to increase once arrivals from farmers begin to dwindle. This year, though, arrivals are still strong as farmers, who couldn't sell all their produce during November-December due to post-demonetisation cash crunch, are offloading the stock.

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