Breaking News

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

10-Apr2018

Cotton futures edge lower on weak demand

Cotton futures edged lower on MCX due to weak demand from domestic mills at the spot market. Though, expectation of shrinkage of cotton acreage by at least 10-15 lakh ha in coming kharif season in the country due to pest attack capped some losses in cotton futures.

The contract for April delivery was trading at Rs 20610.00, down by 0.24% or Rs 50.00 from its previous closing of Rs 20660.00. The open interest of the contract stood at 7520 lots.

The contract for May delivery was trading at Rs 20870.00, down by 0.24% or Rs 50.00 from its previous closing of Rs 20920.00. The open interest of the contract stood at 1392 lots on MCX.


Related News

View all news

Cotton futures edge marginally lower on subdued demand

Cotton futures edged marginally lower on MCX amid subdued demand from traders and stockists at the spot market. Though, some losses were capped on improvement in acreage and lesser pest attacks in major......

Cotton futures edge down on easing demand

Cotton futures edged down on MCX amid easing demand from traders and stockists at the spot market. Though, expectation of cotton production to decline in Gujarat due to erratic rainfall capped some losses......

Cotton futures edge down on easing demand

Cotton futures edged down on MCX amid easing demand from traders and stockists at the spot market. Though, expectation of cotton production to decline in Gujarat due to erratic rainfall capped some losses......

Top News

View all news

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......

RIL's telecom arm enters into 5 year partnership with Star India

Reliance Industries' (RIL) telecom arm -- Reliance Jio Infocomm (Jio) -- has entered into 5 year partnership with India's leading broadcaster, Star India to unleash a new era in sports entertainment. Jio......

Sun Pharma receives Australian TGA approval for ILUMYA

Sun Pharmaceutical Industries has received the Australian Therapeutic Goods Administration (TGA) approval for its specialty product, ILUMYA (tildrakizumab) for the treatment of adults with moderate-to-severe......