Cottonseed Oil Cake Futures Decline
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Cottonseed oil cake futures fell Rs 4 to Rs 2,947/quintal on weak spot demand. December delivery down 0.14% on NCDEX.
New Delhi, Nov 4 (PTI) Cottonseed oil cake prices on Tuesday declined by Rs 4 to Rs 2,947 per quintal in futures trade as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded lower by Rs 4, or 0.14 per cent, at Rs 2,947 per quintal with an open interest of 19,900 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 December delivery traded lower by Rs 4, or 0.14 per cent, at Rs 2,947 per quintal with an open interest of 19,900 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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