Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade up on pickup in demand

08-Apr2019

Cotton futures trade up on pickup in demand

Cotton futures traded up on MCX amid pickup in demand from traders and stockists at the spot market. Further, reports of lower production from major producing belts also added support to cotton futures' uptrend.

The contract for April delivery was trading at Rs 22420.00, up by 0.36% or Rs 80.00 from its previous closing of Rs 22340.00. The open interest of the contract stood at 15352 lots.

The contract for May delivery was trading at Rs 22700.00, up by 0.31% or Rs 70.00 from its previous closing of Rs 22630.00. The open interest of the contract stood at 3848 lots on MCX.

 


Related News

View all news

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production in major growing regions. However, increased demand for crop from major cotton consumers, trimmed......

Cotton futures trade down on profit booking

Cotton futures traded down on MCX on profit booking after prices gained on reports of lower production in major growing regions. However, increased demand for crop from major cotton consumers, trimmed......

Cotton futures trade higher on improving demand

Cotton futures traded higher on MCX due to improving exports demand from China and increasing domestic demand. Further, reports of lower production in major growing regions too fuelled the upward momentum.The......

Top News

View all news

Lupin seeks more time from commerce ministry to complete project in Indore SEZ

Lupin has sought more time from the commerce ministry to complete its project, with proposed investment of Rs 205.69 crore, in the Indore Special Economic Zone (SEZ). The company is setting up its pharma......

Tata Sponge Iron to shift its registered office to Kolkata

Tata Sponge Iron has decided to shift its registered office from Keonjhar in Odisha to Kolkata, subject to the approval of the members of the company and other regulatory authorities. The company has also......

GVK Power's arms ink pact with ADIA, NIIF

GVK Power and Infrastructure's subsidiaries -- GVK Airports Developer (GVKADL) and GVK Airport Holdings (GVKAHL) have signed a term sheet and exclusivity agreement with Abu Dhabi Investment Authority (ADIA)......