- Cotton trading range for the day is 18177-18317.
- Cotton dropped as prices have been under pressure by higher than expected cotton production in the country.
- Textile industry has urged Cotton Corporation to procure about 100 lakh bales to stabilize the prices this season.
- Meanwhile, global cotton production forecast for 2017-18 hiked to 120.86 million bales compared to previous month's estimates of 120.75 million bales, USDA said.
- Cotton prices in spot market gained by 50.00 rupees and settled at 18350.00 rupees.
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