Cotton futures traded down on MCX as traders booked profits after recent gains. Further, decline in buying from millers and a slowdown in export of raw cotton at higher prices, due to a weak overseas market too influenced the price in futures trade.
The contract for May delivery was trading at Rs 19310.00, down by 0.16% or Rs 30.00 from its previous closing of Rs 19340.00. The open interest of the contract stood at 2567.00 lots.
The contract for June delivery was trading at Rs 19620.00,down by 0.25% or Rs 50.00 from its previous closing of Rs 19670.00. The open interest of the contract stood at 5124.00 lots on MCX.
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