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NCDEX’s cotton contract surpasses 10,500 lots since December 2015

14 Jan 2016 Evaluate

The cotton contract on National Commodity and Derivatives Exchange (NCDEX) has shown increased participation from ginners, traders and corporates. With 10,575 lots, valued at Rs 437 crore, traded since December 2015, the contract has emerged as the preferred risk management tool for the value chain participants.

In January 2016, 4,093 lots of cotton, valued at Rs 170 crore has been traded till date. Open Interest as on January 8, 2016 stands at 1,298 lots. In December, 6,482 lots of cotton, valued at Rs 267 crore was traded, with average daily open interest of 389 lots.

NCDEX continues to be the market leader in the cotton complex comprising of cotton seed oilcake and kapas, which saw total trading volumes of Rs 6,331 crore and Rs 4,482 crore respectively.