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23-Apr2019

Cotton futures trade higher on strong demand

Cotton futures traded higher on MCX as speculators indulged in fresh buying tracking strong exports demand at the spot market. Further, short supply of quality cotton too fuelled the upward momentum.

The contract for April delivery was trading at Rs 22160.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 22150.00. The open interest of the contract stood at 6708 lots.

The contract for May delivery was trading at Rs 22470.00, up by 0.09% or Rs 20.00 from its previous closing of Rs 22450.00. The open interest of the contract stood at 12407 lots on MCX.

 


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