Cottonseed Oil Futures Decline on Weak Demand - PTI
Nov 03, 2023 15:14
Cottonseed oil cake futures prices fell on the National Commodity and Derivatives Exchange (NCDEX) on Friday, driven by soft demand and a subdued trend in the spot market.
New Delhi, Nov 3 (PTI) Cottonseed oil cake prices on Friday fell Rs 10 to Rs 2,955 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 declined Rs 10 or 0.34 per cent to Rs 2,955 per quintal with an open interest of 47,030 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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