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09-Sep2016

Cotton futures exhibit mixed trend on MCX

Cotton futures showed mixed trend on MCX as October contract edged higher on lower than expected cotton production forecasted by USDA while, November contract edged lower due to subdued demand from traders and stockists at the spot market.

The contract for October delivery was trading at Rs 20170.00, up by 0.10% or Rs 20.00 from its previous closing of Rs 20150.00. The open interest of the contract stood at 3384.00 lots.

The contract for November delivery was trading at Rs 19100.00, down by 0.05% or Rs 10.00 from its previous closing of Rs. 19110.00. The open interest of the contract stood at 1858.00 lots on MCX.


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