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12-Apr2019

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production in major growing regions. However, improving demand for crop in the domestic market capped downward momentum.

The contract for April delivery was trading at Rs 21950.00, down by 0.14% or Rs 30.00 from its previous closing of Rs 21980.00. The open interest of the contract stood at 13302 lots.

The contract for May delivery was trading at Rs 22230.00, down by 0.13% or Rs 30.00 from its previous closing of Rs 22260.00. The open interest of the contract stood at 5735 lots on MCX.


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