Cotton Futures Edge Higher On Improved Demand - Commodity Market Tips

Cotton futures edged higher on MCX due to improved domestic as well as export demand at the spot market. Though, expectation of higher production capped some gains in cotton futures. The contract for October delivery was trading at Rs 18380.00, up by 0.22% or Rs 40.00 from its previous closing of Rs 18340.00. The open interest of the contract stood at 3007 lots.

The contract for November delivery was trading at Rs 18050.00, up by 0.11% or Rs 20.00 from its previous closing of Rs 18030.00. The open interest of the contract stood at 1956 lots on MCX.

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