Cotton futures edge higher on lower arrivals

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Cotton futures edged higher on MCX due to lower arrivals amid concerns over lower production from major producing belts of Gujarat. Further, expectation of higher export demand too fuelled the uptrend.

The contract for November delivery was trading at Rs 15850.00, up by 0.25% or Rs 40.00 from its previous closing of Rs 15810.00.The open interest of the contract stood at 2244.00 lots.

The contract for December delivery was trading at Rs 15850.00, up by 0.13% or Rs 20.00 from its previous closing of Rs 15830.00. The open interest of the contract stood at 6630.00 lots on MCX.

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