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20-Mar2018

Cotton futures edge lower on subdued demand

Cotton futures edged lower on MCX due to subdued demand from domestic mills at the spot market. Besides, anticipation of lower production from major producing belts capped some losses in cotton futures.

The contract for March delivery was trading at Rs 19970.00, down by 0.25% or Rs 50.00 from its previous closing of Rs 20020.00. The open interest of the contract stood at 5170 lots.

The contract for April delivery was trading at Rs 20270.00, down by 0.25% or Rs 50.00 from its previous closing of Rs 20320.00. The open interest of the contract stood at 3626 lots on MCX.


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