Cottonseed Oil Cake Futures Slip on Soft Demand
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Cottonseed oil cake futures prices fell Rs 23 to Rs 3,777 per quintal on NCDEX due to weak spot market trends and soft demand. August delivery traded lower.
New Delhi, Jul 17 (PTI) Cottonseed oil cake prices on Friday fell Rs 23 to Rs 3,777 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 August delivery traded lower by Rs 23, or 0.61 per cent, to Rs 3,777 per quintal with an open interest of 44,120 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 August delivery traded lower by Rs 23, or 0.61 per cent, to Rs 3,777 per quintal with an open interest of 44,120 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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