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24-Oct2018

Cotton futures edge higher on fall in production

Cotton futures edged higher on MCX amid improved demand from traders and stockists at the spot market. Besides, fall in production from major growing regions as per Cotton Association of India (CAI), also fuelled the uptrend.

The contract for October delivery was trading at Rs 23000.00, up by 0.09% or Rs 20.00 from its previous closing of Rs 22980.00. The open interest of the contract stood at 1392 lots.

The contract for November delivery was trading at Rs 22750.00, up by 0.18% or Rs 40.00 from its previous closing of Rs 22710.00. The open interest of the contract stood at 3961 lots on MCX.


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