Cotton Futures Edge Higher On Pickup In Demand



Cotton future falls by 0.23 per cent on Tuesday at the Multi Commodity Exchange (MCX) due to pick up in export demand from traders and stockiest at the spot market.
At the MCX, cotton futures for May 2016 contract is trading at Rs. 17,280 per bales, up by 0.23 per cent, after opening at Rs. 17,270. It touched the intra-day high of Rs. 17,280.

India is the second largest producer of cotton and its derivatives in the world after China, accounting for about 18 per cent of the world cotton production. India also constitutes about 25 per cent of world area under cotton cultivation.

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