Cotton on MCX settled down by -1.5% at 18350 amid higher output amid weak export demand. India's 2017-18 cotton output estimated to rise at 30 million bales for September month compared to 29 million bales in August, showed United States Department of Agriculture (USDA) data. Meanwhile, global cotton output forecast hiked to 120.75 million bales compared to previous month's estimates of 117.31 million bales, USDA said. USDA also raised forecast for United States cotton output to 21.76 million bales against 20.55 million bales in last month.

Trading Ideas:

* Cotton trading range for the day is 18243-18483.

* Cotton prices dropped amid higher output amid weak export demand.

* India's 2017-18 cotton output estimated to rise at 30 million bales for September month compared to 29 million bales in August, USDA data showed.

* USDA also raised forecast for United States cotton output to 21.76 million bales against 20.55 million bales in last month.

* Cotton prices in spot market dropped by 60.00 rupees and settled at 19930.00 rupees.

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