Cottonseed Oil Futures Decline on Weak Demand
Dec 12, 2023 14:46
Cottonseed oil cake futures prices fell on Tuesday due to soft demand and a subdued trend in the market. Learn more about the price decline and market trends.
New Delhi, Dec 12 (PTI) Cottonseed oil cake prices on Tuesday fell Rs 5 to Rs 2,920 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 decreased Rs 5 or 0.17 per cent to Rs 2,920 per quintal with an open interest of 30,650 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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