Cotton futures traded higher on MCX due to rising domestic as well as export demand at the spot market. Besides, expectation of shrinkage of cotton acreage by at least 10-15 lakh ha in coming kharif season in the country due to pest attack also fuelled the uptrend.
The contract for April delivery was trading at Rs 20830.00, up by 0.29% or Rs 60.00 from its previous closing of Rs 20770.00. The open interest of the contract stood at 7381 lots.
The contract for May delivery was trading at Rs 21110.00, up by 0.24% or Rs 50.00 from its previous closing of Rs 21060.00. The open interest of the contract stood at 2192 lots on MCX.