The October cotton contract on MCX was down over 1% due to a rise in imports from the US. USDA’s weekly export sales data for the week ended July 20 showed that cotton exports to India have increased significantly. The contracts had gained in the last four trading sessions due to news of crop damage on the back of heavy rainfall in Gujarat and Rajasthan, among the leading producers. On MCX, the most active October cotton contract was at 18,380 rupees per bale (1 bale = 170 kg) down 1% from the previous close.