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15-May2018

Cotton futures edge lower on muted demand

Cotton futures edged lower on MCX amid muted demand from domestic mills at the spot market. Though, some losses were capped on expectation of lower acreage in the country in next season.

The contract for May delivery was trading at Rs 20450.00, down by 0.24% or Rs 50.00 from its previous closing of Rs 20500.00. The open interest of the contract stood at 7941 lots.

The contract for June delivery was trading at Rs 20740.00, down by 0.19% or Rs 40.00 from its previous closing of Rs 20780.00. The open interest of the contract stood at 1619 lots on MCX.


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