MCX cotton up on global cues, low spot mkt arrivals.

Futures contracts of cotton rose on the MCX. Tracking a rise in cotton futures on ICE, and because of lower arrivals in spot markets, On the MCX, the April contract was at 20,800 rupees per bale (1bale=170kg), up 0.7% from the previous close. Most-active July contract on the ICE was at 78.23 cents per pound, up 0.08%. Strong demand for US cotton from overseas buyers lifted prices of the commodity higher on ICE. US cotton exports were at 307,200 bales in the week ended Apr 6, up 14% on week, Cotton arrivals in major spot markets across India were estimated at 81,800 bales (1bale=170kg) down from 88,800 bales on Friday.