Cottonseed Oil Cake Futures Decline on Soft Demand
Cottonseed oil cake futures prices fell on Thursday due to weak demand in spot markets. Participants reduced their bets on the National Commodity and Derivatives Exchange (NCDEX).
New Delhi, Aug 8 (PTI) Cottonseed oil cake prices on Thursday declined Rs 2 to Rs 2,842 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 August delivery fell Rs 2 or 0.07 per cent to Rs 2,842 per quintal with an open interest of 43,060 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.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for August delivery fell Rs 2 or 0.07 per cent to Rs 2,842 per quintal with an open interest of 43,060 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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