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23-Aug2018

Cotton futures edge down on muted demand

Cotton futures edged down on MCX amid muted demand from traders and stockists at the spot market. Though, expectations of lower yield due to whitefly and pink bollworm attacks capped some losses in cotton futures.

The contract for October delivery was trading at Rs 23280.00, down by 0.26% or Rs 60.00 from its previous closing of Rs 23340.00. The open interest of the contract stood at 3940 lots.

The contract for November delivery was trading at Rs 22740.00, down by 0.39% or Rs 90.00 from its previous closing of Rs 22830.00. The open interest of the contract stood at 1935 lots on MCX. 

 


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