Cotton futures edged higher on MCX due to uptick in demand from traders and stockists at the spot market. Though, some gains were capped on reports of good sowing progress from major growing regions of Punjab and Haryana, and Southern Karnataka, for the 2017-18 season. The contract for June delivery was trading at Rs 20730.00, up by 0.48% or Rs 100.00 from its previous closing of Rs 20630.00. The open interest of the contract stood at 4880 lots.

The contract for July delivery was trading at Rs 20920.00, up by 0.34% or Rs 70.00 from its previous closing of Rs 20850.00. The open interest of the contract stood at 2692 lots on MCX.

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