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04-Oct2018

Cotton futures trade higher on improved demand

Cotton futures traded higher on MCX amid improved demand from traders and stockists at the spot market. Further, lower production forecast from major producing regions for upcoming season also fuelled the uptrend.

The contract for October delivery was trading at Rs 22160.00, up by 0.50% or Rs 110.00 from its previous closing of Rs 22050.00. The open interest of the contract stood at 2927 lots.

The contract for November delivery was trading at Rs 22140.00, up by 0.32% or Rs 70.00 from its previous closing of Rs 22070.00. The open interest of the contract stood at 3432 lots on MCX.

 


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