Cottonseed Oil Futures Decline on Soft Demand - PTI
Cottonseed oil cake prices fell on the National Commodity and Derivatives Exchange (NCDEX) due to weak demand and a sell-off by participants. Read more.
New Delhi, May 15 (PTI) Cottonseed oil cake prices on Wednesday decreased Rs 24 to Rs 2,606 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 Rs 24 or 0.92 per cent to Rs 2,606 per quintal with an open interest of 610 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 Rs 24 or 0.92 per cent to Rs 2,606 per quintal with an open interest of 610 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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