Cotton trading range for the day is 20513-20853. Cotton dropped amid improved supply prospects owing to higher production and weak demand. USDA hiked global production forecast by one million bales to 120.97 million bales on higher China output. Cotton production in China is likely to increase by 16% in the current year. USDA lowered global ending stocks slightly to 87.79 million bales in Jan.Cotton prices in spot market gained by 10.00 rupees and settled at 19930.00 rupees.
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