Cotton futures or Jeera futures Trade News- Stock Cash Advisory Indore

Jeera futures trade higher on lower arrivals

Jeera futures traded higher on NCDEX as participants enlarged their positions on account of lower arrivals as a result of heavy rainfall at growing regions. Moreover, improved export demand at the spot markets added upside.

The contract for June delivery was trading at Rs 17600.00, higher by 0.28% or Rs 50.00 from its previous closing of Rs 17550.00. The open interest of the contract stood at 708 lots.

The contract for July delivery was trading at Rs 17380.00, higher by 0.49% or Rs 20.00 from its previous closing of Rs 17360.00. The open interest of the contract stood at 6591 lots on NCDEX.

Cotton futures trade down on higher output

Cotton futures traded down on MCX on the back of higher output from major growing regions. Though, improving export demand at the physical markets, trimmed some losses.

The contract for June delivery was trading at Rs 21650.00, down by 0.18% or Rs 40.00 from its previous closing of Rs 21690.00. The open interest of the contract stood at 10405 lots.

The contract for July delivery was trading at Rs 21740.00, down by 0.14% or Rs 30.00 from its previous closing of Rs 21770.00. The open interest of the contract stood at 6735 lots on MCX.

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