Cotton trading range for the day is 21587-22047. Cotton prices gained supported on expectation of lower production in the next season. The production of cotton is likely to decline by 12.4% to hit the lowest in five years for the current crop year. The CAB has lowered the forecast and now estimates the output at 33.8 million bales for the current crop year. Cotton prices in spot market gained by 50.00 rupees and settled at 22520.00 rupees.
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