Cottonseed Oil Futures Decline on Weak Demand
Jan 03, 2024 15:13
Cottonseed oil cake futures prices fell on Wednesday due to soft demand and weak trends in spot markets. Participants reduced their bets, leading to a decline in prices.
New Delhi, Jan 3 (PTI) Cottonseed oil cake prices on Wednesday decreased Rs 12 to Rs 2,717 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 fell Rs 12 or 0.44 per cent to Rs 2,717 per quintal with an open interest of 32,450 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.