Cotton on MCX settled down -0.18% at 21880 as production of cotton in India is expected to go up this year, according to a report.

 India's cotton production is expected to increase to 6.45 million tonne (mt) this season, from 5.88 mt in 2015-16. The Cotton Advisory Board (CAB) has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16 against 386 lb last year but estimated a comfortable cotton supply position of 43 lb for the cotton season of 2015-16.

                          Trading Ideas

1. Cotton trading range for the day is 21420-22160.              

2. Cotton prices ended with losses as production of cotton in India is expected to go up this year, according to a report. 

3. India's cotton production is expected to increase to 6.45 million tonne (mt) this season, from 5.88 mt in 2015-16.          

4. CAB has lowered crop production estimate by 12 % to 338 lakh bales (lb) in 2015-16 against 386 lb last year       

5. Cotton prices in spot market dropped by 80.00 rupees and settled at 22460.00 rupees.  

   
   

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