- Cotton trading range for the day is 20590-21530.
- Cotton prices ended with losses on hopes of higher stockpiles in local market.
- Moreover, farmers are intended to increase cotton acreages by 20-25% in northern part of India.
- Global output has also risen slightly this month due to oversupply in US.
- Cotton prices in spot market dropped by 130.00 rupees and settled at 20960.00 rupees.
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