Cottonseed Oil Cake Futures Fall on Weak Demand
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Cottonseed oil cake futures decline due to soft demand. December delivery down Rs 16 at Rs 2,888/quintal. NCDEX analysis inside.
New Delhi, Oct 17 (PTI) Cottonseed oil cake prices on Friday fell Rs 16 to Rs 2,888 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 16 or 0.55 per cent at Rs 2,888 per quintal with an open interest of 15,830 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 16 or 0.55 per cent at Rs 2,888 per quintal with an open interest of 15,830 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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