Cotton prices gained as stocks have fallen to 5 year low because of lower output and increased exports.
India's cotton stocks at the beginning of 2016-17 are projected at only 3 million bales, which is lowest in the last five years.
India's 2015-16 cotton acreage was down by 11% at 11.6 million hectare because of below normal 2015 monsoon rains.
Cotton prices in spot market gained by 290.00 rupees and settled at 17820 rupees.
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