Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade higher on good demand

17-May2017

Cotton futures trade higher on good demand

Cotton futures traded higher on MCX due to good demand from traders and stockists at the spot market. Though, anticipation of higher sowing acreage in the country capped some gains in cotton futures.

The contract for May delivery was trading at Rs 21200.00, up by 0.33% or Rs 70.00 from its previous closing of Rs 21130.00. The open interest of the contract stood at 4100 lots.

The contract for June delivery was trading at Rs 21400.00, up by 0.33% or Rs 70.00 from its previous closing of Rs 21330.00. The open interest of the contract stood at 3952 lots on MCX.


Related News

View all news

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......

Cotton futures trade down on weak export sales

Cotton futures traded down on MCX on the back of a strong dollar and weak export sales. However, lower estimate of cotton output in the country, trimmed some losses.The contract for April delivery was......

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, increased demand for crop from major cotton consumers, trimmed......

Top News

View all news

Jet Airways reports passenger load factor of 86.7% in March

Jet Airways (India) has reported the Passenger Load Factor (PLF) of 86.7% during the month of March 2019. The company had reported the Passenger Load Factor of 89.4% during the month of February......

IndiGo launches additional daily non-stop flights to strengthen connectivity from Delhi

InterGlobe Aviation (IndiGo) has launched six additional daily non-stop flights to strengthen connectivity from Delhi. Effective May 25, the airline will operate its first direct flight on Delhi-Allahabad......

McLeod Russel to sell specified assets of its certain Tea Estates

McLeod Russel India has executed an agreement for sale of Specified Assets of Addabarie Tea Estate, Mahakali Tea Estate and Dirai Tea Estate of the Company, with Luxmi Tea Company on April 22, 2019.Earlier,......