Cotton Trading Range For The Day Is 20967-21507

Cotton trading range for the day is 20967-21507. Chinese cotton imports will remain suppressed next season, as the government continues to draw down on cotton stocks.

Trading Ideas:

*Cotton trading range for the day is 20967-21507.

*Cotton prices ended with gains due to rising demand from traders and stockists at the domestic spot market.

*India's cotton sowing during 2017-18 rose 27% to 1.12 million hectare until May 26 thanks to prevailing higher prices in the country.

*Chinese cotton imports will remain suppressed next season, as the government continues to draw down on cotton stocks.

*Cotton prices in spot market gained by 50.00 rupees and settled at 20540.00 rupees.

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