8/30/2018 01:21:00 PM
- Cotton trading range for the day is 22737-23377.
- Cotton gained on reports of lower production prospects and delay in harvesting in the state of Gujarat due to erratic rains.
- Cotton is trading above 23,200 levels on reports on cut in production prospects by the cotton body.
- FAS has projected India's cotton production to decline 1.7% on year to 365 lakh bales due to delay in monsoon rains and fall in acreage.
- Cotton prices in spot market dropped by 20.00 rupees and settled at 23110.00 rupees.
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