By admin       2019-04-22

Stock deposits at the exchange’s accredited warehouses crossed the 2-lakh-mark for the first time to touch 2.14 lakh against 1.33 lakh recorded in March last year, registering an increase of 61 per cent. In a bid to empower cotton growing farmers in the suicide-prone Vidarbha region, MCX had set up warehouses in Arvi, Hinganghat and Wardha. As of March 31, the stocks at these new warehouses, at 49,000 bales, accounted for 23 per cent of the total deposit across all the delivery centres in the country. The April cotton contract on MCX was up 3 per cent at ₹21,490 per bale (of 170 kg) as of March-end from ₹20,901 logged on March 1. Similarly, guarseed on the NCDEX was up 3 per cent at ₹4,370 a quintal, while castorseed edged down to ₹5,278.

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