Cotton Futures Edge Down On Weak Demand

Cotton futures edged down on MCX due to weak demand from traders and stockists at the spot market. Though, reports of lower than expected domestic production forecasted by the government, capped some losses in cotton futures. The contract for October delivery was trading at Rs 18560.00, down by 0.11% or Rs 20.00 from its previous closing of Rs 18580.00. The open interest of the contract stood at 3150 lots.

The contract for November delivery was trading at Rs 18320.00, down by 0.16% or Rs 30.00 from its previous closing of Rs 18350.00. The open interest of the contract stood at 2318 lots on MCX.

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