Cottonseed Oil Cake Futures Decline on Weak Demand
Cottonseed oil cake futures fell on the National Commodity and Derivatives Exchange due to weak demand and a subdued trend in the market.
New Delhi, May 9 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 5 to Rs 2,584 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 5 or 0.19 per cent to Rs 2,584 per quintal with an open interest of 32,130 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 April delivery fell Rs 5 or 0.19 per cent to Rs 2,584 per quintal with an open interest of 32,130 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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