Cottonseed Oil Futures Decline on Soft Demand - PTI
May 23, 2024 13:34
Cottonseed oil cake futures prices fell on Thursday due to weak demand in spot markets. Read more about the decline in prices on PTI.
New Delhi, May 23 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 4 to Rs 2,739 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery fell Rs 4 or 0.15 per cent to Rs 2,739 per quintal with an open interest of 80,590 lots.
Analysts said a sell-off by participants at existing levels amid a subdued trend in the market mainly weighed on cottonseed oil cake prices.
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