Cotton futures traded lower on MCX due to subdued demand from traders and stockists at the spot market. Though, some losses were capped on reports of heavy rains in the cotton growing areas of Gujarat.
The contract for July delivery was trading at Rs 20280.00, down by 0.15% or Rs 30.00 from its previous closing of Rs 20310.00. The open interest of the contract stood at 4379 lots.
The contract for October delivery was trading at Rs 18300.00, down by 0.60% or Rs 110.00 from its previous closing of Rs 18410.00. The open interest of the contract stood at 885 lots on MCX.