Cotton trading range for the day is 19830-20010. Cotton prices dropped due to easing demand from traders and stockists at the spot market. Higher global output estimates and slack domestic as well as global demand together contributed to fall in cotton prices. USDA hiked global cotton production forecast for 2017-18 to 121.37 million bales from previous month's estimate of 120.97 million bales. Cotton prices in spot market dropped by 30.00 rupees and settled at 19460.00 rupees.
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