- Cotton trading range for the day is 21980-22460.
- Cotton dropped on profit booking after prices rose on robust demand prospects and global supply concerns.
- Sowing area under Cotton is likely to decline by 10-12% this year as farmers shift to other remunerative crops, the CAI said.
- Moreover, domestic cotton exports are likely to touch seven million bales in 2017-18 season, up about 27% from the earlier estimate.
- Cotton prices in spot market dropped by 60.00 rupees and settled at 21530.00 rupees.
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