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.