Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures edge higher on improved demand

18-Jul2017

Cotton futures edge higher on improved demand

Cotton futures edged higher on MCX due to improved demand from traders and stockists at the spot market. Further, reports of heavy rains in major growing areas of Gujarat also fuelled the uptrend.

The contract for July delivery was trading at Rs 20320.00, up by 0.74% or Rs 150.00 from its previous closing of Rs 20170.00. The open interest of the contract stood at 4438 lots.

The contract for October delivery was trading at Rs 18570.00, up by 0.22% or Rs 40.00 from its previous closing of Rs 18530.00. The open interest of the contract stood at 630 lots on MCX.


Related News

View all news

Cotton futures decline on muted demand

Cotton futures declined on MCX amid muted demand from domestic mills at the spot market. Though, some losses were capped as production from October 2018 to September 2019 is estimated to be 361 lakh bales......

Cotton futures edge lower on weak demand

Cotton futures edged lower on MCX on weak demand from traders and stockists at the spot market. Though, some losses were capped on lower production from major growing regions in 2018-19 due to scanty rainfall......

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......

Top News

View all news

Infibeam Avenues' arm incorporates wholly owned subsidiary

Infibeam Avenues' wholly owned subsidiary-- Infibeam Global EMEA FZ-LLC has incorporated a wholly owned subsidiary company namely 'Richrelevants' in BVI, which will be the Step-down Wholly Owned Subsidiary......

Ramco Systems gets order from Global Top 10 Chemical Manufacturing Company

Ramco Systems' Global Payroll platform has been chosen by one of the leading chemical producer and a Global Top 10 Chemical Manufacturing company by revenue, as a Managed Service for its multi-country......

JCT planning to raise funds on preferential basis

JCT is planning for the fresh issuance of equity shares aggregating to Rs 9.16 crore on preferential basis to term lenders. The meeting of the Board of Directors of the Company will be held on December......