Cottonseed Oil Futures Drop on Weak Demand - PTI
Dec 15, 2023 15:00
Cottonseed oil cake prices fell in futures trade on Friday due to soft demand and a subdued trend in the market. Learn more about the decline in prices.
New Delhi, Dec 15 (PTI) Cottonseed oil cake prices on Friday fell Rs 40 to Rs 2,931 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 40 or 1.36 per cent to Rs 2,931 per quintal with an open interest of 12,060 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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