Cottonseed Oil Futures Decline on Soft Demand
Feb 22, 2024 14:09
Cottonseed oil cake futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and a sell-off by participants.
New Delhi, Feb 22 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 31 to Rs 2,622 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 31 or 1.18 per cent to Rs 2,622 per quintal with an open interest of 70,010 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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