Cottonseed Oil Cake Futures Decline
Cottonseed oil cake futures fell Rs 8 to Rs 2,925/quintal on weak demand. December delivery down 0.27% on NCDEX. Analysts cite sell-off.
New Delhi, Nov 7 (PTI) Cottonseed oil cake prices on Friday declined by Rs 8 to Rs 2,925 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 8, or 0.27 per cent, at Rs 2,925 per quintal with an open interest of 17,770 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 8, or 0.27 per cent, at Rs 2,925 per quintal with an open interest of 17,770 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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