Cotton gained tracking firmness in spot demand despite of higher arrivals and sufficient stock levels in the country. India's 2016-17 cotton imports are set to jump more than a third from a year ago to a record 30 lakh bales on stronger rupees. On export front, country has so far contracted about 45 lakh bales in the current crop year, and total exports in the season could be around 5 million bales, down 30% from a year ago.

Trading Ideas: 

* Cotton trading range for the day is 20423-21023. 

* Cotton gained tracking firmness in spot demand despite of higher arrivals and sufficient stock levels in the country. 

* Total cotton arrivals across the country at 27.87 million bales recording a rise of 5% over last year's level of 26.47 million bales. 

* According to data of CCI cotton arrivals in Maharashtra jumped to 7.61 million bales from 5.82 million bales a year ago. 

* Cotton prices in spot market dropped by 240.00 rupees and settled at 20700.00 rupees.

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