Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures edge higher on rising demand

12-Sep2018

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX amid rising demand from domestic mills at the spot market. Though, reports of improvement in acreage and lesser pest attacks in Maharashtra coupled with good crop condition of cotton in major growing states capped some gains in cotton futures.

The contract for October delivery was trading at Rs 23070.00, up by 0.17% or Rs 40.00 from its previous closing of Rs 23030.00. The open interest of the contract stood at 3807 lots.

The contract for November delivery was trading at Rs 22850.00, up by 0.13% or Rs 30.00 from its previous closing of Rs 22820.00. The open interest of the contract stood at 2575 lots on MCX.


Related News

View all news

Cotton futures trade higher on improved demand

Cotton futures traded higher on MCX amid improved demand from traders and stockists at the spot market. Besides, lower output in the 2018-19 season due to the drought situation in the major producing belts......

Cotton futures trade up on lower production

Cotton futures traded up on MCX due to anticipation of lower production due to deficient rainfall in key growing areas. Besides, good demand from traders and stockists at the spot market also added support......

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX amid rising domestic as well as export demand at the spot market. Besides, anticipation of lower production from major growing regions also fuelled the uptrend. ......

Top News

View all news

RBI's swap arrangement a 'sound move': Subhash Chandra Garg

Welcoming the Central Bank's rupee-dollar swap auction, the Finance Ministry has said that liquidity situation of the economy is comfortable and it will be boosted further by Rs 35,000 crore through the......

KPTL, Infibeam Avenues and Amarjothi Spinning Mills to see some action today

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......

Kalpataru Power Transmission to acquire 85% stake in Linjemontage i Grastorp AB

Kalpataru Power Transmission (KPTL) through its wholly owned subsidiary -- Kalpataru Power Transmission Sweden AB has signed definitive agreement to acquire 85% stake in Linjemontage i Grastorp AB for......