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11-Sep2018

Cotton futures edge lower on MCX

Cotton futures edged lower on MCX on reports of improvement in acreage and lesser pest attacks in Maharashtra coupled with good crop condition of cotton in major growing states. Though, sluggish export demand capped some losses in cotton futures.

The contract for October delivery was trading at Rs 23130.00, down by 0.17% or Rs 40.00 from its previous closing of Rs 23170.00. The open interest of the contract stood at 3828 lots.

The contract for November delivery was trading at Rs 22920.00, down by 0.04% or Rs 10.00 from its previous closing of Rs 22930.00. The open interest of the contract stood at 2503 lots on MCX.


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