Cotton on MCX settled down by -0.33% at 18250 on higher output and hope of lower availability. Textile industry has urged Cotton Corporation of India (CCI) to procure about 10 million bales of fibre to stabilize the prices this season due to which supply in the market may get tight.

Trading Ideas:

* Cotton trading range for the day is 18070-18510.

* Cotton prices traded in range on higher output and hope of lower availability.

* Textile industry has urged Cotton Corporation of India (CCI) to procure about 10 million bales of fibre to stabilize the prices this season.

* The cotton arrivals in the current season during October are about 2.02 million bales compared to 1.87 million bales last year.

* Cotton prices in spot market dropped by 10.00 rupees and settled at 18340.00 rupees.

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