Cotton trading range for the day is 18420-18620. Cotton prices settled flat on estimation of lower output and reports of crop damages in the major growing states.Following low arrivals, with falling yield due to pest attack, the cotton crop is set to fall significantly. Clarity is expected in a few weeks on the extent of damage the pink bollworm has done to the standing crop, especially in Maharashtra and Telangana. Cotton prices in spot market dropped by 60.00 rupees and settled at 18160.00 rupees.
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