Cotton futures showed mixed trend on MCX as November contract edged higher due to reports of crops damage in major producing belts of Vidarbha while, December contract edged lower on subdued demand from domestic mills at the spot market.
The contract for November delivery was trading at Rs 18440.00, up by 0.05% or Rs 10.00 from its previous closing of Rs 18430.00. The open interest of the contract stood at 2703 lots.
The contract for December delivery was trading at Rs 18450.00, down by by 0.11% or Rs 20.00 from its previous closing of Rs 18470.00. The open interest of the contract stood at 4572 lots on MCX.