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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.

 


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