Cottonseed Oil Cake Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on the National Commodity and Derivatives Exchange due to weak trends in spot markets and sell-off by participants.
New Delhi, Jun 28 (PTI) Cottonseed oil cake prices on Friday decreased Rs 4 to Rs 2,893 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 4 or 0.14 per cent to Rs 2,893 per quintal with an open interest of 54,900 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 4 or 0.14 per cent to Rs 2,893 per quintal with an open interest of 54,900 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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