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16-Apr2019

Cotton futures trade higher on improving demand

Cotton futures traded higher on MCX due to improving exports demand from China and increasing domestic demand. Further, reports of lower production in major growing regions too fuelled the upward momentum.

The contract for April delivery was trading at Rs 22090.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 22080.00. The open interest of the contract stood at 11256 lots.

The contract for May delivery was trading at Rs 22400.00, up by 0.04% or Rs 10.00 from its previous closing of Rs 22390.00. The open interest of the contract stood at 8582 lots on MCX.


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