Cotton future trade up on fresh export demand

Cotton futures traded higher on MCX on account of fresh export and demand from domestic mills. Further, expectations of higher exports too influenced the prices. The contract for May delivery was trading at Rs 20550.00, up by 0.44% or Rs 90.00 from its previous closing of Rs 20460.00. The open interest of the contract stood at 4700.00 lots. The contract for June delivery was trading at Rs 20820.00, up by 0.39% or Rs 80.00 from its previous closing of Rs 20740.00. The open interest of the contract stood at 3542.00 lots on MCX.