Breaking News

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

17-Sep2018

Cotton futures edge lower on muted demand

Cotton futures edged lower on MCX amid muted demand from domestic as well as export market. Though, anticipation of higher production and lesser pest attack in major producing regions of Maharashtra capped some losses in cotton futures.

The contract for October delivery was trading at Rs 22610.00, down by 0.66% or Rs 150.00 from its previous closing of Rs 22760.00. The open interest of the contract stood at 3679 lots.

The contract for November delivery was trading at Rs 22470.00, down by 0.35% or Rs 80.00 from its previous closing of Rs 22550.00. The open interest of the contract stood at 2570 lots on MCX.


Related News

View all news

Cotton futures trade marginally higher on rising demand

Cotton futures traded marginally higher on MCX on rising demand from domestic mills at the spot market. Besides, the reports of lower production from major producing regions by Cotton Association of India......

Cotton futures edge lower on muted demand

Cotton futures edged lower on MCX due to muted demand from domestic mills at the spot market. Though, the reports of lower production from major growing regions by Cotton Association of India (CAI), capped......

Cotton futures edge higher on improved demand

Cotton futures edged higher on MCX amid improved demand from traders and stockists at the spot market. Besides, Cotton Association of India cuts 2018- 19 production estimate by 3 lakh bales to 340.25 lakh......

Top News

View all news

Medico Intercontinental gets nod for diversification into pharma industry

Medico Intercontinental has received an approval for diversification into Pharmaceutical Industry and change in main object clause of the memorandum of association (MOA) of the company. The Board of Directors......

Jet Airways defers deliveries of six Boeing 737 max aircraft

Jet Airways has deferred deliveries of six Boeing 737 max aircraft due to the payment arrears to its lessors. Jet Airways is India's premier international airline, which operates flights to India and overseas.......

Shakti Pumps extends holiday in main plant

Shakti Pumps (India) is still in process for resolving the issue and appointment of new labour contractors. Hence, the company extended the holiday for January 16, 2019 in the main plant of the company.......