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18-Apr2017

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX due to rising demand from traders and stockists at the spot market. Though, reports of higher arrivals and sufficient stocks position in the country following a good production outlook, capped some gains in cotton futures.

The contract for April delivery was trading at Rs 20790.00, up by 0.63% or Rs 130.00 from its previous closing of Rs 20660.00. The open interest of the contract stood at 5245 lots.

The contract for May delivery was trading at Rs 21000.00, up by 0.62% or Re 130.00 from its previous closing of Rs 20870.00. The open interest of the contract stood at 5563 lots on MCX.


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