Cotton (kapas) prices moved down by Rs 9 to Rs 867.50 per 20 kg in futures trading today due to weak demand at physical markets.
At the National Commodity and Derivative Exchange, kapas to be delivered in far-month April 2018 slipped by Rs 9 or 1.03 per cent to Rs 867.50 per 20 kg, with an open interest of 6,764 lots.
Marketmen said reducing of bets by traders in line with a weak trend at physical markets due to sluggish demand from fibre units and textile industries mainly kept pressure on futures prices.
(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)
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