Cottonseed Oil Futures Decline on Soft Demand - PTI
Aug 06, 2024 14:08
Cottonseed oil cake prices fell Rs 6 to Rs 2,818 per quintal in futures trade on Tuesday, driven by weak trends in spot markets. Learn more about the decline.
New Delhi, Aug 6 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 6 to Rs 2,818 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 August delivery fell Rs 6 or 0.21 per cent to Rs 2,818 per quintal with an open interest of 48,490 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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