Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures edge lower on muted demand

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.


Related News

View all news

Cotton futures edge lower on weak demand

Cotton futures edged lower on MCX on weak demand from traders and stockists at the spot market. Though, some losses were capped on lower production from major growing regions in 2018-19 due to scanty rainfall......

Cotton futures edge higher on fall in production

Cotton futures edged higher on MCX amid improved demand from traders and stockists at the spot market. Besides, fall in production from major growing regions as per Cotton Association of India (CAI), also......

Cotton futures trade higher on rising demand

Cotton futures traded higher on MCX amid rising demand from traders and stockists at the spot market. Besides, CAI projected fall in output from major growing regions also fuelled the uptrend.The contract......

Top News

View all news

Megastar Foods planning to incorporate subsidiary

Megastar Foods is planning to incorporate a subsidiary Company. The meeting of the Board of Directors of the company is scheduled to be held on November 27, 2018, to consider the same. Megastar Foods is......

Lupin launches generic Tetrabenazine Tablets

Lupin has launched Tetrabenazine Tablets, 12.5 mg and 25 mg having received an approval from the United States Food and Drug Administration (USFDA) earlier. Lupin's Tetrabenazine Tablets, 12.5 mg and 25......

UPL's arm signs definitive agreement to acquire entire stake of IBC

UPL's wholly owned subsidiary-- UPL Corporation, Mauritius has signed a definitive agreement to acquire directly or through its subsidiaries 100% of the shares of INDUSTRIAS BIOQUIM CENTROAMERICANA, SOCIEDAD......