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27-Mar2018

Cotton futures trade higher on rising demand

Cotton futures traded higher on MCX due to rising demand at the domestic spot market. Besides, CAI has lowered its estimated cotton production for the 2017-18 in February also fuelled the uptrend.

The contract for March delivery was trading at Rs 20120.00, up by 0.10% or Rs 20.00 from its previous closing of Rs 20100.00. The open interest of the contract stood at 1334 lots.

The contract for April delivery was trading at Rs 20440.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 20430.00. The open interest of the contract stood at 7039 lots on MCX.


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