Cotton trading range for the day is 18597-19197. Cotton prices gained due to pickup in demand from domestic mills in the spot market. USDA has projected US cotton production for 2016 at 16.5 million bales, an increase of 2 per cent above the 2015 cotton crop. China's cotton yield continued to drop in 2016 as the growing area of the fiber decreased, official data showed. Cotton prices in spot market gained by 20.00 rupees and settled at 18690.00 rupees.
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