Cotton futures declined on MCX due to sluggish demand from traders and stockists at the spot market. Besides, recent rains in the major growing states may improve production in the country, also fuelled the downtrend. The contract for November delivery was trading at Rs 18410.00, down by 0.32% or Rs 60.00 from its previous closing of Rs 18470.00. The open interest of the contract stood at 3232 lots.

The contract for December delivery was trading at Rs 18340.00, down by 0.38% or Rs 70.00 from its previous closing of Rs 18410.00. The open interest of the contract stood at 3518 lots on MCX.

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