Cottonseed Oil Futures Decline on Soft Demand - PTI
Apr 30, 2024 14:09
Cottonseed oil cake prices fell on Tuesday due to weak demand in spot markets. Analysts attribute the decline to a sell-off by participants at existing levels.
New Delhi, Apr 30 (PTI) Cottonseed oil cake prices on Tuesday decreased Rs 17 to Rs 2,556 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 April delivery fell Rs 17 or 0.67 per cent to Rs 2,556 per quintal with an open interest of 73,600 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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