Cottonseed Oil Futures Decline on Soft Demand - PTI
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Cottonseed oil cake prices fell in futures trade on Tuesday due to weak demand in the spot market. The decline was attributed to a sell-off by participants.
New Delhi, Apr 29 (PTI) Cottonseed oil cake prices fell Rs 7 to Rs 2,933 per quintal in futures trade on Tuesday as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower Rs 7 or 0.24 per cent at Rs 2,933 per quintal with an open interest of 70,800 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 May delivery traded lower Rs 7 or 0.24 per cent at Rs 2,933 per quintal with an open interest of 70,800 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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