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13-Feb2019

Cotton futures trade lower on weak demand

Cotton futures traded lower on MCX amid weak demand from traders and stockists at the spot market. Though, reports of lower production from major growing regions capped some losses in cotton futures.  

The contract for February delivery was trading at Rs 20160.00, down by 0.49% or Rs 100.00 from its previous closing of Rs 20260.00. The open interest of the contract stood at 9607 lots.

The contract for March delivery was trading at Rs 20440.00, down by 0.49% or Rs 100.00 from its previous closing of Rs 20540.00. The open interest of the contract stood at 3924 lots on MCX.


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