Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake prices decreased in futures trade on Thursday, driven by weak trends in spot markets and a sell-off by participants.
New Delhi, May 30 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 2 to Rs 2,756 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 June delivery fell Rs 2 or 0.07 per cent to Rs 2,756 per quintal with an open interest of 72,830 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 June delivery fell Rs 2 or 0.07 per cent to Rs 2,756 per quintal with an open interest of 72,830 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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