Cotton on MCX settled up 0.71% at 18470 on strong demand and short-covering. The world's top cotton buyers all in Asia are flocking to India to secure supplies after fierce storms in the United States, the biggest exporter of the fibre affected the size and quality of the crop. In the past week, India sealed deals to sell about a million bales to China, Taiwan, Vietnam, Pakistan, Bangladesh and Indonesia compared with 300,000 bales in the two weeks before.

Indian farmers have sown cotton across 12.15 mln ha, up nearly 19% from a year ago, latest data from the agriculture ministry showed. Acreage was higher than the normal of 11.42 mln ha for the period, based on the average of last five years.

Trading Ideas:

* Cotton trading range for the day is 18257-18597.

* Cotton prices ended with gains on strong demand and short-covering.

* Cotton has been sown on 121.51 lakh hectares, 2017 across the country compared to 102.23 lakh hectares during the same period previous year.

* The world's top cotton buyers all in Asia are flocking to India to secure supplies after fierce storms in the United States.

* Cotton prices in spot market dropped by 190.00 rupees and settled at 18960.00 rupees.

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