Cotton trading range for the day is 21393-21953. Cotton gained as production in the country in 2015-16 is expected to decline to 338 lakh bales from 386 lakh bales, a fall of more than 12 percent. India 2016-17 cotton kharif sowing stood at 8.68 million hectare as compared to 9.95 million hectare same period year ago. Cotton sowing in Gujarat, major fibre producing state, slumped by 24.80% to 1.76 million hectares up-till Jul 18 on late arrivals of monsoon. Cotton prices in spot market dropped by 150.00 rupees and settled at 22470.00 rupees.
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