Breaking News

You are here » Indian-Commodity  :  Commodities  :  Cotton  :  Cotton futures trade lower on muted demand

09-Aug2018

Cotton futures trade lower on muted demand

Cotton futures traded down on MCX amid muted demand from traders and stockists at the spot market. Though, some losses were capped on anticipation of lower production due to reports of pink bollworm in major producing belts of Maharashtra.

The contract for October delivery was trading at Rs 23950.00 down by 0.04% or Rs 10.00 from its previous closing of Rs 23960.00. The open interest of the contract stood at 4022 lots.

The contract for November delivery was trading at Rs 23550.00, down by 0.08% or Rs 20.00 from its previous closing of Rs 23570.00. The open interest of the contract stood at 2500 lots on MCX.

 


Related News

View all news

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX amid rising demand from domestic mills at the spot market. Besides, anticipation of lower production from major producing belts due to reports of pink bollworm attack......

Cotton futures edge lower on muted demand

Cotton futures edged lower on MCX amid muted demand from traders and stockists at the spot market. Though, some losses were capped on anticipation of lower production from major producing belts of Gujarat......

Cotton futures edge higher on rising demand

Cotton futures edged higher on MCX amid rising demand from domestic mills at the spot market. Besides, expectation of lower yield and crop failure due to insufficient rains in major producing belts of......

Top News

View all news

Shriram City Union Finance planning to raise up to Rs 500 crore

Shriram City Union Finance is planning to raise funds up to Rs 500 crore. The company intends to issue and allot on private placement basis 5,000 number of secured non-convertible redeemable debentures......

TCS features as star performer in Digital Workplace Services by Everest Group

Tata Consultancy Services (TCS) has been recognized as a leader and Star Performer for the second year in a row in the Everest Group PEAK Matrix for Worldwide Digital Workplace Services. In an assessment......

Tribhovandas Bhimji Zaveri opening 38th store in Uttar Pradesh

Tribhovandas Bhimji Zaveri is opening its 38th store at G-31 & G-32 consisting of Basement Ground Floor & First Floor Noida, in state of Uttar Pradesh on August 18, 2018.Earlier, the company......