Cottonseed Oil Futures Decline: Demand Softens
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Cottonseed oil futures slip on weak demand. September delivery down Rs 29. Analysts cite sell-off amid subdued market trend.
New Delhi, Aug 11 (PTI) Cottonseed oil cake prices on Monday slipped Rs 29 to Rs 3,346 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 September delivery traded lower by Rs 29 or 0.87 per cent at Rs 3,346 per quintal with an open interest of 21,640 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 September delivery traded lower by Rs 29 or 0.87 per cent at Rs 3,346 per quintal with an open interest of 21,640 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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