Cottonseed Oil Futures Decline on Soft Demand

Nov 18, 2024 13:47

Cottonseed oil cake futures declined over 4% on Monday due to weak demand in spot markets. The price drop was driven by a sell-off from participants at existing levels.

New Delhi, Nov 18 (PTI) Cottonseed oil cake prices on Monday declined more than 4 per cent to Rs 2,925 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 December delivery traded lower by Rs 123 or 4.21 per cent at Rs 2,925 per quintal with an open interest of 17,430 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.

Source: PTI

MORE NEWS

Wipro Reorganizes Business for AI, Cloud Focus

Wipro restructures its Global Business Lines to cater to client needs, emphasizing AI,...

TN Budget: 'Progressive' & Inclusive -...

The Madras Chamber of Commerce welcomes the Tamil Nadu budget, highlighting its...

Tamil Nadu Budget: Rs 20k E-Scooter Subsidy for...

Tamil Nadu's 2025-26 Budget includes a Rs 20,000 subsidy for 2,000 gig workers to buy...

Tripura Palace to Become Taj Hotel: CM

Tripura government signs MoU with IHCL to convert Pushpabanta Palace into a 5-star Taj...

Brigade Enterprises Targets Rs 2,700 cr Revenue...

Brigade Enterprises launches 'Brigade Eternia' in Yelahanka, Bengaluru, aiming for Rs...

Signature Global to Invest Rs 4,000 Cr in...

Signature Global plans to invest Rs 4,000 crore in two new housing projects in...

Commodities Prices in India: Rice, Jowar,...

Get the latest commodity prices in India for rice, jowar, jaggery, spices, potatoes,...

CII TN Elects A R Unnikrishnan Chairman, C...

A R Unnikrishnan, Managing Director of Saint-Gobain India, has been elected as the...

TN Budget: Grundfos Praises Focus on Water...

Grundfos Pumps India commends the Tamil Nadu budget's emphasis on water security and...

ideaForge to Increase R&D Spending on Drones | PTI

Drone maker ideaForge plans to increase R&D spending this fiscal year, as it develops...

Cottonseed Oil Futures Decline on Soft Demand

You May Like To Read

MORE NEWS