Cottonseed Oil Futures Decline on Soft Demand - PTI
By Rediff Money Desk, New Delhi Sep 05, 2024 14:09
Cottonseed oil cake futures fell on the National Commodity and Derivatives Exchange due to weak trends in spot markets and selling by participants. Read more.
![Cottonseed Oil Futures Decline on Soft Demand - PTI](https://im.rediff.com/money/2016/jan/16oil1.jpg)
New Delhi, Sep 5 (PTI) Cottonseed oil cake prices on Thursday declined Rs 10 to Rs 2,991 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 December delivery fell Rs 10 or 0.33 per cent to Rs 2,991 per quintal with an open interest of 11,750 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 December delivery fell Rs 10 or 0.33 per cent to Rs 2,991 per quintal with an open interest of 11,750 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.
Source: PTI
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