Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake prices fell in futures trade on Friday due to weak demand in spot markets. The decline was attributed to a sell-off by participants at existing levels.
New Delhi, May 10 (PTI) Cottonseed oil cake prices on Friday decreased Re 1 to Rs 2,574 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 May delivery fell Re 1 or 0.04 per cent to Rs 2,574 per quintal with an open interest of 20,780 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 fell Re 1 or 0.04 per cent to Rs 2,574 per quintal with an open interest of 20,780 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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