Cottonseed Oil Cake Futures Slip: Demand Softens
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Cottonseed oil cake futures fell Rs 13 to Rs 3,458/quintal on weak demand. April delivery traded lower on NCDEX. Analysts cite sell-off pressure.
Illustration: Uttam Ghosh/Rediff.com
New Delhi, Mar 19 (PTI) Cottonseed oil cake prices on Thursday fell by Rs 13 to Rs 3,458 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 April delivery traded lower by Rs 13, or 0.37 per cent, to Rs 3,458 per quintal with an open interest of 59,130 lots.
Analysts said a sell-off by participants at existing levels amid a subdued market trend weighed on cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for April delivery traded lower by Rs 13, or 0.37 per cent, to Rs 3,458 per quintal with an open interest of 59,130 lots.
Analysts said a sell-off by participants at existing levels amid a subdued market trend weighed on cottonseed oil cake prices.
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