Cotton on MCX settled up by 0.11% at 18270 due to rising demand from domestic mills at the spot market. Though, estimation of higher production from major growing regions, capped some gains in cotton prices. The state government has announced the bonus of Rs 500 per quintal to cotton farmers over and above the Minimum Support Prices (MSP).

Trading Ideas:

* Cotton trading range for the day is 18163-18423.

* Cotton prices ended with gains due to rising demand from domestic mills at the spot market.

* Though, estimation of higher production from major growing regions, capped some gains in cotton prices.

* The state government has announced the bonus of Rs 500 per quintal to cotton farmers over and above the Minimum Support Prices (MSP).

* Cotton prices in spot market dropped by 150.00 rupees and settled at 18190.00 rupees.

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