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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.


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