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17-Jan2019

Cotton futures trade marginally higher on rising demand

Cotton futures traded marginally higher on MCX on rising demand from domestic mills at the spot market. Besides, the reports of lower production from major producing regions by Cotton Association of India (CAI) also added support to cotton futures.

The contract for January delivery was trading at Rs 20950.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 20940.00. The open interest of the contract stood at 7224 lots.

The contract for February delivery was trading at Rs 21220.00, up by 0.09% or Rs 20.00 from its previous closing of Rs 21200.00. The open interest of the contract stood at 3509 lots on MCX.


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