Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade higher on uptick in demand

07-Jul2017

Cotton futures trade higher on uptick in demand

Cotton futures traded higher on MCX due to uptick in demand from traders and stockists in the spot market. Though, higher production in next season amid good sowing progress in major growing regions capped some gains in cotton futures.

The contract for July delivery was trading at Rs 20730.00, up by 1.42% or Rs 290.00 from its previous closing of Rs 20440.00.The open interest of the contract stood at 5633 lots.

The contract for October delivery was trading at Rs 18750.00, up by 0.54% or Rs 100.00 from its previous closing of Rs 18650.00. The open interest of the contract stood at 447 lots on MCX.


Related News

View all news

Cotton futures trade higher on rising demand

Cotton futures traded higher on MCX amid rising demand from traders and stockists at the spot market. Besides, CAI projected fall in output from major growing regions also fuelled the uptrend.The contract......

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX on anticipation of lower crop size for 2018-19 at 348 lakh bales (of 170 kg each) from 365 lakh bales in 2017-18 due to drought-like situation in key growing regions......

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX on anticipation of lower crop size for 2018-19 at 348 lakh bales (of 170 kg each) from 365 lakh bales in 2017-18 due to drought-like situation in key growing regions......

Top News

View all news

IRB Infrastructure's arm achieves financial closure for Vadodara-Mumbai Expressway project

IRB Infrastructure Developers' Wholly-owned Subsidiary (SPV) -- VK1 Expressway has achieved financial closure for the project of construction of eight lane Vadodara Kim Expressway from Km 355.00 to Km......

Havells India reports 4% rise in Q2 net profit

Havells India has reported results for second quarter ended September 30, 2018.The company has reported 4.44% rise in its net profit at Rs 178.62 crore for the quarter under review as compared to Rs 171.02......

Mphasis reports 37% rise in Q2 consolidated net profit

Mphasis has reported results for second quarter ended September 30, 2018.The company has reported a rise of 9.42% in its net profit of Rs 188.94 crore for the quarter under review as compared to Rs 172.67......