Cotton trading range for the day is 18447-18687. Cotton prices ended with losses on profit booking after prices gained on expectation of lower output. India's 2017-18 cotton output for Jul-Jun is pegged at 32.27 million bales, down 2.5% compared to 33.09 million bales in 2016-17. Cotton sowing in Gujarat, the country's second biggest fiber growing state, rose by 10% during 2017-18 kharif season on higher remunerative prices. Cotton prices in spot market gained by 20.00 rupees and settled at 18730.00 rupees.
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