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01-Dec2017

Cotton futures edge down on easing demand

Cotton futures edged down on MCX due to easing demand from traders and stockists at the spot market. Though, reports that the production might be lower than expected due to pest damage in key cotton growing states capped some losses in cotton futures.

The contract for December delivery was trading at Rs 18700.00, down by 0.32% or Rs 60.00 from its previous closing of Rs 18760.00. The open interest of the contract stood at 5500 lots.

The contract for January delivery was trading at Rs 18860.00, down by 0.26% or Rs 50.00 from its previous closing of Rs 18910.00. The open interest of the contract stood at 2261 lots on MCX.


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