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19-Sep2018

Cotton futures edge down on easing demand

Cotton futures edged down on MCX amid easing demand from traders and stockists at the spot market. Though, expectation of cotton production to decline in Gujarat due to erratic rainfall capped some losses in cotton futures.

The contract for October delivery was trading at Rs 22420.00, down by 0.09% or Rs 20.00 from its previous closing of Rs 22440.00. The open interest of the contract stood at 3428 lots.

The contract for November delivery was trading at Rs 22320.00, down by 0.22% or Rs 50.00 from its previous closing of Rs 22370.00. The open interest of the contract stood at 2771 lots on MCX.


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