Cottonseed Oil Futures Drop on Weak Demand - PTI
Apr 08, 2024 13:53
Cottonseed oil cake prices fell in futures trade on Monday due to weak demand and a subdued trend in the spot market. Read more on the decline in prices.
New Delhi, Apr 8 (PTI) Cottonseed oil cake prices on Monday decreased Rs 28 to Rs 2,573 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 April delivery fell Rs 28 or 1.09 per cent to Rs 2,573 per quintal with an open interest of 42,390 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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