Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake futures prices fell on Monday due to weak demand and a sell-off by participants. The decline was attributed to subdued trends in the spot market.
New Delhi, Feb 10 (PTI) Cottonseed oil cake prices on Monday slipped Rs 10 to Rs 2,714 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 10 or 0.37 per cent at Rs 2,714 per quintal with an open interest of 46,820 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 10 or 0.37 per cent at Rs 2,714 per quintal with an open interest of 46,820 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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