MCX cotton pips NCDEX guar seed as top traded farm contract.

Cotton futures on the Multi Commodity Exchange of India dethroned guar seed futures on the National Commodity and Derivatives Exchange to become the most traded agricultural contract on previous close, by clocking a turnover of 4.08 billion rupees. In international markets too, cotton futures have risen in the wake of falling inventories in China. The Intercontinental Exchange expanded the daily trading limit on cotton no. 2 futures contracts.