Cotton trading range for the day is 19807-20407. Cotton prices dropped tracking weakness in spot demand despite of reports of lower acreage.USDA cut India's 2017-18 cotton output to 28.50 million bales of cotton (480 lb) in its latest forecast of February. USDA kept forecast for United States cotton output unchanged at 21.26 million bales as estimated in previous month. Cotton prices in spot market gained by 130.00 rupees and settled at 19490.00 rupees.
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