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16-Sep2016

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX due to rising demand from traders and stockists at the domestic spot market. Further, expectation of lower production from major producing belts of the country also added support to cotton prices' uptrend.

The contract for October delivery was trading at Rs 20510.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 20500.00.The open interest of the contract stood at 3672.00 lots.

The contract for November delivery was trading at Rs 19180.00, up by 0.21% or Rs 40.00 from its previous closing of Rs 19140.00. The open interest of the contract stood at 2207.00 lots on MCX.


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