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04-Apr2019

Cotton futures trade up on anticipation of lower output

Cotton futures traded up on MCX on the back of rising demand from traders and stockists at the domestic spot market. Further, anticipation of lower output this year from major producing regions also added support to cotton futures' uptrend.

The contract for April delivery was trading at Rs 21990.00, up by 0.41% or Rs 90.00 from its previous closing of Rs 21900.00. The open interest of the contract stood at 15820 lots.

The contract for May delivery was trading at Rs 22270.00, up by 0.36% or Rs 80.00 from its previous closing of Rs 22190.00. The open interest of the contract stood at 3102 lots on MCX.


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