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Cotton futures trade up on export demand

23 Dec 2014 Evaluate

Cotton futures traded up on MCX due to rise in exports demand and bargain buying by traders and stockists. Moreover, decline in arrivals and improved demands from millers, supported the price in futures market.

The contract for December delivery was trading at Rs 15880.00, up by 0.38% or Rs 60.00 from its previous closing of Rs 15820.00. The open interest of the contract stood at 2567.00 lots.

The contract for January delivery was trading at Rs 16040.00, up by 0.19% or Rs 30.00 from its previous closing of Rs 16010.00. The open interest of the contract stood at 4881.00 lots on MCX.