Cotton futures edge lower on MCX

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Cotton futures edged lower on MCX due to weak export demand of yarn and fiber backed by price disparity of Indian cotton.

The contract for May delivery was trading at Rs 17080.00, down by 0.06% or Rs 10.00 from its previous closing of Rs 17090.00. The open interest of the contract stood at 5414.00 lots.

The contract for June delivery was trading at Rs 17280.00, down by 0.06% or Rs 10.00 from its previous closing of Rs 17290.00. The open interest of the contract stood at 3502.00 lots on MCX.

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