Cotton futures exhibited mixed trend on MCX as May contracts traded down as speculators reduced their holdings on the back of slow buying of mills. While June contracts traded high on account of increased demand at the spot market along with expectations of higher exports.
The contract for May delivery was trading at Rs 19160.00, down by 0.05% or Rs 10.00 from its previous closing of Rs 19170.00. The open interest of the contract stood at 1740.00 lots.
The contract for June delivery was trading at Rs 19490.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 19480.00. The open interest of the contract stood at 5747.00 lots on MCX.
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