Cottonseed oil cake prices remained flat at Rs 2,950 per quintal in futures trade on Tuesday, according to PTI. Analysts cited weak trends in spot markets and a sell-off by participants.
New Delhi, Jul 23 (PTI) Cottonseed oil cake prices on Tuesday remained flat at Rs 2,950 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 August delivery remained flat at Rs 2,950 per quintal with an open interest of 55,360 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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