Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake futures prices decreased on Thursday due to weak trends in spot markets and a sell-off by participants. Read more about the decline in prices.
New Delhi, Jan 25 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 15 to Rs 2,608 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 February delivery fell Rs 15 or 0.58 per cent to Rs 2,608 per quintal with an open interest of 55,430 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 fell Rs 15 or 0.58 per cent to Rs 2,608 per quintal with an open interest of 55,430 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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