Cotton futures edged higher on MCX due to rising demand from domestic mills at the spot market. Though, some gains were capped as world cotton production to rise in 2017/18 season, according to the latest report by US Department of Agriculture (USDA).
The contract for April delivery was trading at Rs 20660.00, up by 0.15% or Rs 30.00 from its previous closing of Rs 20630.00. The open interest of the contract stood at 4445 lots.
The contract for May delivery was trading at Rs 20960.00, up by 0.19% or Rs 40.00 from its previous closing of Rs 20920.00. The open interest of the contract stood at 5180 lots on MCX.