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05-Sep2018

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX due to rising demand from domestic mills at the spot market. Though, some gains were capped on reports of improvement in acreage and lesser pest attacks in Maharashtra.

The contract for October delivery was trading at Rs 22810.00, up by 0.48% or Rs 110.00 from its previous closing of Rs 22700.00. The open interest of the contract stood at 3808 lots.

The contract for November delivery was trading at Rs 22470.00, up by 0.18% or Rs 40.00 from its previous closing of Rs 22430.00. The open interest of the contract stood at 2380 lots on MCX.


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