Cotton futures traded higher on MCX as buyers showed interest to buy quality cotton. Moreover, lower production from major producing belts of Maharashtra, Punjab and Haryana, too fuelled the uptrend.
The contract for November delivery was trading at Rs 16140.00, up by 0.25% or Rs 40.00 from its previous closing of Rs 16100.00.The open interest of the contract stood at 1318.00 lots.
The contract for December delivery was trading at Rs 16090.00, up by 0.19% or Rs 30.00 from its previous closing of Rs 16060.00. The open interest of the contract stood at 6292.00 lots on MCX