Cottonseed Oil Futures Decline on Weak Demand - PTI
Dec 28, 2023 15:16
Cottonseed oil cake prices fell on Thursday in futures trade as participants reduced their bets on weak demand in spot markets, according to PTI.
New Delhi, Dec 28 (PTI) Cottonseed oil cake prices on Thursday fell Rs 18 to Rs 2,771 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 January delivery decreased Rs 18 or 0.65 per cent to Rs 2,771 per quintal with an open interest of 39,330 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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