- MCX cotton closed higher on Monday on reports of export demand coming from China.
- India has already shipped around 600,000 bales to China so far in the 2018/19 marketing year that started on Oct. 1.
- In a recent development, Indian traders have signed contracts to ship 800,000 bales of cotton to China as demand surged from the world's biggest consumer due to a rally in prices in China. Cotton prices have improved since last one month on reports of lower production.
- In 2018/19, production of Cotton is estimated at 300.9 l-bales (of 170 kg each), down about 7.4% compared to previous estimate of 324 l-bales
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