Breaking News

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

03-Sep2018

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 lower production prospects and delay in harvesting in Gujarat due to erratic rains.

The contract for October delivery was trading at Rs 22690.00, down by 0.74% or Rs 170.00 from its previous closing of Rs 22860.00. The open interest of the contract stood at 3639 lots.

The contract for November delivery was trading at Rs 22370.00, down by 0.53% or Rs 120.00 from its previous closing of Rs 22490.00. The open interest of the contract stood at 2471 lots on MCX.


Related News

View all news

Cotton futures trade up on lower production

Cotton futures traded up on MCX due to anticipation of lower production due to deficient rainfall in key growing areas. Besides, good demand from traders and stockists at the spot market also added support......

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX amid rising domestic as well as export demand at the spot market. Besides, anticipation of lower production from major growing regions also fuelled the uptrend. ......

Cotton futures trade higher on improved demand

Cotton futures traded higher on MCX amid improved domestic as well as export demand at the spot market. Besides, fall in production due to the water shortage faced by cotton crop in southern states, including......

Top News

View all news

Power Grid fully utilises JPY 22 billion loan

Power Grid Corporation has fully drawn a 22 billion Japanese Yen (JPY) loan and utilised it to finance capital expenditure for its ongoing and new projects.Power Grid had entered into a JPY 22-billion......

Mahindra deploys six armoured Marksman at Delhi Airport

Mahindra Group has deployed six armoured Marksman vehicles at Indira Gandhi International Airport in Delhi. With this deployment, Delhi airport becomes first to get bullet-proof vehicle in its premises......

Oil India signs MoU with Gauhati University: Report

Oil India and Gauhati University have reportedly signed a Memorandum of Understanding (MoU) on March 19, 2019. The MoU aims to extend the facility of Technology Incubation Centre at Gauhati University......