Cotton trading range for the day is 18700-19040. Cotton dropped on profit booking after the prices have been higher on expectation of big fall in output due to pink bollworm attacks in some states. Reports of decline in prices in overseas market too dampened the market sentiment.The International Cotton Advisory Committee increased their projection for 2017-18 world cotton production 0.18 million ton to 25.74 million ton.Cotton prices in spot market dropped by 140.00 rupees and settled at 18440.00 rupees.
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