Kalyan Cotton of Variety V-797 futures was launched on October 3 at Surendranagar by Forward Market Commission (FMC).
On very first day, opening prices for future contract, for the month of May stood at Rs491 per lot (1 lot = 20 kg) and marked the high of Rs495.70 per lot. On this day, deals for 395 lots of cotton were inked. Finally, the prices were closed at Rs495.70 per lot.
On November 6, prices were plunged by Rs4.70 per lot and next day, it slipped further to Rs4.20 per lot.
During the week, cotton May series closed at Rs484.70 this week. The series saw an intra-day high of Rs495.70 and low of Rs484.70 during the outgoing week.
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