Cotton trading range for the day is 19933-20413.Cotton dropped on profit booking after prices gained due to lower than expected arrivals in the domestic market. There is expectation of fall in domestic output due to pink bollworm attacks in major cotton sowing states. Pakistan’s decision to permit import of Indian cotton has provided the latest trigger for the price rise. Cotton prices in spot market gained by 140.00 rupees and settled at 19120.00 rupees.
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