Cotton on MCX settled down by -1.06% at 18630 on hope of higher output amid weak demand. India's cotton output is expected to rise to 35-36 million bales for second consecutive year in 2017-18, said different industry sources. Moreover, arrivals in northern region which is expected to increase further and may lead to easiness in supply situation kept prices under pressure. 

Output of most kharif crops, barring cotton, is seen declining in Telangana due to a sharp fall in acreage following a dry spell during Jul-Aug, a senior official with the state farm department said. In the Jun-Sep monsoon season so far, Telangana has received 577.5 mm of rainfall, 11% below normal, according to India Meteorological Department.

Trading Ideas:

* Cotton trading range for the day is 18417-18897.

* Cotton prices ended with losses on hope of higher output amid weak demand.

* India's cotton output is expected to rise to 35-36 million bales for second consecutive year in 2017-18.

* Total cotton yarn export from India has dropped by 9.79% during Apr-Jul 2017 due to weaker demand from China and Bangladesh, data showed.

* Cotton prices in spot market dropped by 150.00 rupees and settled at 19990.00 rupees.

Get Commodity Market Tips For Give A Missed Call @ 96444-05056.