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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.


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