Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake futures prices fell on Tuesday due to weak demand in the spot market. Analysts attributed the decline to sell-off by participants.
New Delhi, Feb 4 (PTI) Cottonseed oil cake prices on Tuesday slipped Rs 10 to Rs 2,703 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 February delivery traded lower Rs 10 or 0.37 per cent at Rs 2,703 per quintal with an open interest of 43,170 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 February delivery traded lower Rs 10 or 0.37 per cent at Rs 2,703 per quintal with an open interest of 43,170 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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