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.