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25-May2018

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. Besides, expectation of lower sowing in coming season also fuelled the uptrend.

The contract for May delivery was trading at Rs 21090.00, up by 0.33% or Rs 70.00 from its previous closing of Rs 21020.00. The open interest of the contract stood at 2299 lots.

The contract for June delivery was trading at Rs 21390.00, up by 0.33% or Rs 70.00 from its previous closing of Rs 21320.00. The open interest of the contract stood at 7059 lots on MCX.


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