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30-Jun2017

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, good progress in cotton sowing in India, China and the US, limited the cotton gains.

The contract for June delivery was trading at Rs 19920.00, up by 0.10% or Rs 20.00 from its previous closing of Rs 19900.00. The open interest of the contract stood at 588 lots.

The contract for July delivery was trading at Rs 20020.00, up by 0.50% or Rs 100.00 from its previous closing of Rs 19920.00. The open interest of the contract stood at 6041 lots on MCX.


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