Cotton futures edge lower on weak demand

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Cotton futures edged lower on MCX due to weak demand from traders at the spot market.

The contract for December delivery was trading at Rs 16100.00, down by 0.37% or Rs 60.00 from its previous closing of Rs 16160.00. The open interest of the contract stood at 5425.00 lots.

The contract for January delivery was trading at Rs 16230.00, down by 0.31% or Rs 50.00 from its previous closing of Rs 16280.00. The open interest of the contract stood at 3483.00 lots on MCX.

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