- Cotton trading range for the day is 18420-18620.
- Cotton prices settled flat on estimation of lower output and reports of crop damages in the major growing states.
- Following low arrivals, with falling yield due to pest attack, the cotton crop is set to fall significantly.
- Clarity is expected in a few weeks on the extent of damage the pink bollworm has done to the standing crop, especially in Maharashtra and Telangana.
- Cotton prices in spot market dropped by 60.00 rupees and settled at 18160.00 rupees.
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