Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade down on MCX

30-Apr2019

Cotton futures trade down on MCX

Cotton futures traded down on MCX as weather conditions across the cotton growing areas improved for harvesting the natural fiber crop. Though, good demand at the spot market capped downside momentum.

The contract for April delivery was trading at Rs 22130.00, down by 0.27% or Rs 60.00 from its previous closing of Rs 22190.00. The open interest of the contract stood at 1523 lots.

The contract for May delivery was trading at Rs 22430.00, down by 0.22% or Rs 50.00 from its previous closing of Rs 22480.00. The open interest of the contract stood at 16141 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,......