Cottonseed Oil Cake Futures Decline on Soft Demand - PTI
Cottonseed oil cake prices fell on Thursday in futures trade due to weak trends in spot markets and selling by participants. Learn more about the decline in cottonseed oil cake prices.
New Delhi, Jul 11 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 8 to Rs 2,942 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 July delivery fell Rs 8 or 0.27 per cent to Rs 2,942 per quintal with an open interest of 13,800 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.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for July delivery fell Rs 8 or 0.27 per cent to Rs 2,942 per quintal with an open interest of 13,800 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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