- Cotton trading range for the day is 18103-18503.
- Cotton prices dropped on expectation of higher output in the crop year 2017-18.
- CCI is set to open its procurement centers in major cotton-growing states as it is believed that the prices may decrease below the MSP during the peak arrival season.
- The government estimates of cotton output of 322.73 lakh bales, while the trade sees a higher crop on better yields.
- Cotton prices in spot market dropped by 90.00 rupees and settled at 18650.00 rupees.
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