Cottonseed Oil Futures Decline on Soft Demand - PTI
Feb 20, 2024 14:49
Cottonseed oil cake prices decreased in futures trade on Tuesday due to weak demand and a sell-off by participants. Read more about the decline in prices on PTI.
New Delhi, Feb 20 (PTI) Cottonseed oil cake prices on Tuesday decreased Rs 44 to Rs 2,594 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 February delivery fell Rs 44 or 1.70 per cent to Rs 2,594 per quintal with an open interest of 1,140 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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