MCX cotton at 6-mo high on output worry, global cues.

Futures contracts of cotton on the MCX hit a six-month high of 20,650 rupees per bale (1 bale = 170 kg) on concerns over a fall in India’s production in 2017-18 (Oct-Sep) due to severe pink bollworm pest attack in Maharashtra. Firmness in the benchmark cotton contract on the ICE also contributed to the upside.