Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade down on weak global prices

11-Apr2019

Cotton futures trade down on weak global prices

Cotton futures traded down on MCX as speculators reduced exposure tracking weak global prices. However, increasing demand for the crop in domestic market capped the downtrend.

The contract for April delivery was trading at Rs 21930.00, down by 0.09% or Rs 20.00 from its previous closing of Rs 21950.00. The open interest of the contract stood at 13437 lots.

The contract for May delivery was trading at Rs 22220.00, down by 0.04% or Rs 10.00 from its previous closing of Rs 22230.00. The open interest of the contract stood at 5552 lots on MCX.


Related News

View all news

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production. Besides, decreasing exports demand at the spot market fuelled downside momentum.The contract for......

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production. Besides, decreasing exports demand at the spot market fuelled downside momentum.The contract for......

Cotton futures trade higher on strong demand

Cotton futures traded higher on MCX as speculators indulged in fresh buying tracking strong exports demand at the spot market. Further, short supply of quality cotton too fuelled the upward momentum.The......

Top News

View all news

Tata Global Beverages reports 50% fall in Q4 consolidated net profit

Tata Global Beverages has reported results for fourth quarter and year ended March 31, 2019.The company has reported a marginal rise of 0.19% in its net profit at Rs 53.26 crore for the quarter under review......

NIIT Technologies features as leader in NelsonHall NEAT report 2019

NIIT Technologies has been positioned as a 'Leader' in the Overall market segment for RPA and AI in Banking in NelsonHall NEAT report 2019.This NelsonHall Vendor Evaluation & Assessment Tool (NEAT)......

Maruti Suzuki launches New Alto

Maruti Suzuki has launched the New Alto, which has been India's best-selling car for 15 consecutive years. The New Alto is with enhanced safety features and captivating design and now comes with BSVI compliant......