Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake futures prices fell on Wednesday due to weak demand in the spot market. Read more on the decline in prices on PTI.
New Delhi, Feb 5 (PTI) Cottonseed oil cake prices on Wednesday slipped Rs 8 to Rs 2,722 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 March delivery traded lower Rs 8 or 0.29 per cent at Rs 2,722 per quintal with an open interest of 37,070 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 March delivery traded lower Rs 8 or 0.29 per cent at Rs 2,722 per quintal with an open interest of 37,070 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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