Breaking News

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

01-Jan2019

Cotton futures edge up on rising demand

Cotton futures edged up on MCX amid rising demand from domestic mills at the spot market. Besides, anticipation of fall in production by Cotton Association of India (CAI) also added support to cotton futures' uptrend.

The contract for January delivery was trading at Rs 21130.00, up by 0.19% or Rs 40.00 from its previous closing of Rs 21090.00. The open interest of the contract stood at 8122 lots.

The contract for February delivery was trading at Rs 21360.00, up by 0.14% or Rs 30.00 from its previous closing of Rs 21330.00. The open interest of the contract stood at 2068 lots on MCX.

 


Related News

View all news

Cotton futures trade down on sluggish demand

Cotton futures traded down on MCX as speculators trimmed their holdings due to sluggish demand at the physical market. Though, anticipation of lower arrivals of the crop capped downward momentum.The contract......

Cotton futures trade higher on growing demand

Cotton futures traded higher on MCX as speculators enlarged their positions on the back of growing demand for crop at the spot market. Moreover, expectation of lower output due to low water availability......

Cotton futures trade down on falling demand

Cotton futures traded down on MCX as market participants trimmed their holdings tracking falling demand at the physical market. However, anticipation of a drop in cotton production capped downward momentum.The......

Top News

View all news

SRF, NIIT Technologies and United Bank of India to see some action today

SRF has entered into a definitive agreement to sell its Engineering Plastics Business to DSM, the Life Sciences and Materials Sciences Company in an all-cash transaction, amounting to Rs 320 crore. The......

NIIT Technologies concludes sale of 88.99% stake in ESRI India Technologies

NIIT Technologies has concluded the sale of 88.99% equity shares in ESRI India Technologies, India to Environment Systems Research Institute Inc., USA. Consequent to above sale, ESRI India Technologies,......

United Bank of India to raise Rs 1,500 crore by various means

United Bank of India has received approval to raise equity capital not exceeding Rs 1,500 crore in one or more tranches during the financial year by way of Qualified Institutions Placement, Public Issue,......