Cotton futures traded up on MCX due to good demand from local millers and yarn exporters amid thin domestic supply. Further, aggressive buying by yarn makers to meet overseas demand that could consume supplies of the new crop mainly influenced the prices.
The contract for May delivery was trading at Rs 19780.00, up by 0.30% or Rs 60.00 from its previous closing of Rs 19720.00. The open interest of the contract stood at 3715.00 lots.
The contract for June delivery was trading at Rs 20060.00, up by 0.40% or Rs 80.00 from its previous closing of Rs 19980.00. The open interest of the contract stood at 4229.00 lots on MCX.
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