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20-Mar2019

Cotton futures trade up on lower production

Cotton futures traded up on MCX due to anticipation of lower production due to deficient rainfall in key growing areas. Besides, good demand from traders and stockists at the spot market also added support to cotton futures' uptrend.

The contract for March delivery was trading at Rs 21230.00, up by 0.28% or Rs 60.00 from its previous closing of Rs 21170.00. The open interest of the contract stood at 7070 lots.

The contract for April delivery was trading at Rs 21540.00, up by 0.28% or Rs 60.00 from its previous closing of Rs 21480.00. The open interest of the contract stood at 10342 lots on MCX.


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