Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake futures prices declined on Thursday due to weak trends in spot markets and selling by participants. Learn more about the decline in futures trade.
New Delhi, Oct 3 (PTI) Cottonseed oil cake prices on Thursday declined Rs 42 to Rs 2,968 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 traded lower Rs 42 or 1.42 per cent at Rs 2,968 per quintal with an open interest of 19,320 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 traded lower Rs 42 or 1.42 per cent at Rs 2,968 per quintal with an open interest of 19,320 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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