Cottonseed Oil Futures Decline on Soft Demand - PTI
Mar 05, 2024 15:32
Cottonseed oil cake futures prices fell on Tuesday due to weak demand in spot markets, with participants reducing their bets. Read more.
New Delhi, Mar 5 (PTI) Cottonseed oil cake prices on Tuesday decreased Rs 24 to Rs 2,702 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 March delivery fell Rs 24 or 0.89 per cent to Rs 2,702 per quintal with an open interest of 35,230 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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