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13-Aug2018

Cotton futures edge lower on muted demand

Cotton futures edged lower on MCX amid muted demand from traders and stockists at the spot market. Though, some losses were capped on anticipation of lower production from major producing belts of Gujarat and Maharashtra.

The contract for October delivery was trading at Rs 24000.00, down by 0.74% or Rs 180.00 from its previous closing of Rs 24180.00. The open interest of the contract stood at 4104 lots.

The contract for November delivery was trading at Rs 23530.00, down by 0.72% or Rs 170.00 from its previous closing of Rs 23700.00. The open interest of the contract stood at 2466 lots on MCX.


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