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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.

 


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