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09-Jan2019

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 some losses in cotton futures.

The contract for January delivery was trading at Rs 20860.00, down by 0.14% or Rs 30.00 from its previous closing of Rs 20890.00. The open interest of the contract stood at 8230 lots.

The contract for February delivery was trading at Rs 21110.00, down by 0.09% or Rs 20.00 from its previous closing of Rs 21130.00. The open interest of the contract stood at 2610 lots on MCX.


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