- Cotton trading range for the day is 18667-19007.
- Cotton prices gained on delay in fresh arrivals mainly from Haryana and Punjab due to incessant rainfall in northern region.
- Further, crop damages in United States may turn beneficial for India exporters as India is the second largest exporter of cotton after US.
- Indian cotton Federation expects cotton output to rise by 10-15% in 2017-18 season on higher acreage.
- Cotton prices in spot market dropped by 80.00 rupees and settled at 20310.00 rupees.
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