- Cotton trading range for the day is 22170-22630.
- Cotton gained on short covering after remained under pressure amid improvement in acreage and lesser pest attacks.
- China cancels import of up to 200,000 bales of India new crop cotton.
- India, cotton acreage till last week was down by 0.3% on year to 120.6 lakh hac compared to 120.9 lakh ha last year.
- Cotton prices in spot market dropped by 60.00 rupees and settled at 22490 rupees.
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