Futures contracts of cotton on MCX fell for the third consecutive trading session, tracking weakness in spot prices. The most-active May contract of cotton was at 20,940 rupees per bale (1bale=170kg), down 0.7% from previous close. Subdued demand for cotton across spot markets kept prices under pressure. Cotton output in Punjab, among the largest producers in the country, is likely to rise a whopping 220% on year to 1.26 million bales in 2016-17 (Jul-Jun), while in Haryana, output is seen up 106% on year at 2.04 million bales, according to third advance estimates of the state farm departments. For the rest of the day, cotton futures are likely to trade down due to selling pressure amid thin volumes.