Cotton trading range for the day is 18403-18623. Cotton prices dropped on profit booking after prices gained on crop damage report and tight supply. Half of the total cotton crop is estimated to have affected by pink bollworm pest in Maharashtra this year. At a time when cotton has started to arrive in the market, the CCI has begun procurement operations at select places in Gujarat and Telangana. Cotton prices in spot market dropped by 10.00 rupees and settled at 18190.00 rupees.
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