- Cotton trading range for the day is 23517-24237.
- Cotton prices dropped due to weak demand from traders and stockists at the spot market
- Though, expectation of lower production due to reports of pink bollworm attack in Maharashtra capped some losses in cotton.
- As per Commerce ministry data, cotton exports in May surged by 27.6% to 5.7 lakh bales as compared to last year.
- Cotton prices in spot market dropped by 20.00 rupees and settled at 23260.00 rupees.
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