Cottonseed Oil Futures Drop on Soft Demand - PTI
Nov 24, 2023 15:58
Cottonseed oil cake prices fell on the National Commodity and Derivatives Exchange due to weak demand and a sell-off by participants.
New Delhi, Nov 24 (PTI) Cottonseed oil cake prices on Friday fell Rs 31 to Rs 2,986 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 31 or 1.03 per cent to Rs 2,986 per quintal with an open interest of 44,290 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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