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10-Sep2018

Cotton futures trade higher on rising demand

Cotton futures traded higher on MCX amid rising demand from traders and stockists at the spot market. Though, some gains were capped on reports of improvement in acreage in major producing regions.

The contract for October delivery was trading at Rs 23040.00, up by 0.44% or Rs 100.00 from its previous closing of Rs 22940.00. The open interest of the contract stood at 3761 lots.

The contract for November delivery was trading at Rs 22820.00, up by 0.31% or Rs 70.00 from its previous closing of Rs 22750.00. The open interest of the contract stood at 2437 lots on MCX.

 


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