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21-Sep2018

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 growing regions.

The contract for October delivery was trading at Rs 22260.00, down by 0.04% or Rs 10.00 from its previous closing of Rs 22270.00. The open interest of the contract stood at 3434 lots.

The contract for November delivery was trading at Rs 22220.00, down by 0.09% or Rs 20.00 from its previous closing of Rs 22240.00. The open interest of the contract stood at 2989 lots on MCX.


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