Cotton on MCX settled up by 0.64% at 18970 amid pest attack on cotton crop in Maharashtra and untimely rain during the picking season. At present daily arrivals have improved to nearly 180,000 bales which may cross 200,000 bale a day in the coming week. USDA maintained India's 2017-18 cotton output at 30 million bales for November month unchanged from October month.
Trading Ideas:
* Cotton trading range for the day is 18743-19303.
* Cotton prices ended with gains amid pest attack on cotton crop in Maharashtra and untimely rain during the picking season.
* At present daily arrivals have improved to nearly 180,000 bales which may cross 200,000 bale a day in the coming week.
* USDA maintained India's 2017-18 cotton output at 30 million bales for November month unchanged from October month.
* Cotton prices in spot market gained by 260.00 rupees and settled at 18590.00 rupees.
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