Cotton futures edged lower on MCX due to muted demand from traders and stockists at the spot market. Further, expectation of higher production also fuelled the downtrend. India's cotton production for the 2016-17 season ending this month has been estimated at 345 lakh bales, four per cent higher than the previous season production of 332 lakh bales. The contract for October delivery was trading at Rs 18680.00, down by 0.80% or Rs 150.00 from its previous closing of Rs 18830.00. 

The open interest of the contract stood at 2631 lots. The contract for November delivery was trading at Rs 18420.00, down by 0.75% or Rs 140.00 from its previous closing of Rs 18560.00. The open interest of the contract stood at 2033 lots on MCX.

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