As India is looking at a bumper cotton crop, government agencies are all prepared to enter the market in case prices fall below minimum support levels. Traders, however, said they expect prices to remain above MSP till December, except in Telangana.

The Cotton Association of India is due to release its crop study report with output estimates in two weeks. The industry expects India's cotton production in 2017-18 to be 375 lakh bales. The International Cotton Advisory Committee (ICAC) has projected global cotton production to rise 10 per cent this fiscal to 25.4 million tonnes.

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