Cotton on MCX settled up by 0.42% at 21550 due to improved supplies from major growing regions. Besides, exports to China may slow down due to reserve stocks auctions, also fuelled the downtrend. In addition to this, China sold 30,169 ton in the its auction, indicating strong demand. Arrivals in local mandis were estimated at 180,000 bales including 45,000 from Gujarat and 67,000 from Maharashtra. The Cotton Corporation of India (CCI) sold nearly 1,100 bales of cotton through e-auction on Monday, said source. The government agency offered 3,600 bales for sale. CCI sold cotton at Rs 44,500-44,600 per candy from its godowns in Maharashtra, Telangana and Karnataka.

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