- Cotton trading range for the day is 18430-18730.
- Cotton prices dropped tracking weakness in spot demand on profit booking after prices rose due to concern over loss due to heavy rains.
- Moreover, industry sources believe that India's cotton yield may decline on whitefly, pink bollworm attacks.
- All India cotton arrivals are estimated at around 4,800 bales on Aug 9 compared to 5,300 bales in the previous day
- Cotton prices in spot market dropped by 20.00 rupees and settled at 20410.00 rupees.
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