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13-Apr2018

Cotton futures edge higher on improved demand

Cotton futures edged higher on MCX due to reports of improved export demand from China. Besides, expectation of lower production from major producing belts due to pest attack also fuelled the uptrend. 

The contract for April delivery was trading at Rs 20820.00, up by 0.19% or Rs 40.00 from its previous closing of Rs 20780.00. The open interest of the contract stood at 7306 lots.

The contract for May delivery was trading at Rs 21120.00, up by 0.19% or Rs 40.00 from its previous closing of Rs 21080.00. The open interest of the contract stood at 2420 lots on MCX.


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