- Cotton trading range for the day is 20510-20830.
- Cotton prices dropped on reports good progress of cotton in north India.
- As per latest data from Agricultural Ministry, cotton is planted in 12.18 lakh hectares (l ha) as on now, higher by 29.7% compared to last year acreage of 9.40 l ha.
- As per ICAC, Cotton area in India is forecast to expand by 7% to 11.3 million hectares, and assuming yield is similar to the 4-year average.
- Cotton prices in spot market dropped by 190.00 rupees and settled at 20310.00 rupees.
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