Cotton trading range for the day is 18757-19497. Cotton prices ended with gains tracking firmness in spot demand following reports of for damage to standing crop in Maharashtra and Telangana. Good physical demand from the mills and traders and commencement of procurement by CCI also keeping prices supportive. However, the ICAC hiked their projection for 2017-18 world cotton production 0.18 million ton to 25.74 million ton. Cotton prices in spot market dropped by 40.00 rupees and settled at 18400.00 rupees.
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