Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices decreased in futures trade on Monday due to weak demand and selling by participants in the market.
New Delhi, Jul 15 (PTI) Cottonseed oil cake prices on Monday decreased Rs 46 to Rs 2,985 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 July delivery fell Rs 46 or 1.54 per cent to Rs 2,985 per quintal with an open interest of 6,950 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 July delivery fell Rs 46 or 1.54 per cent to Rs 2,985 per quintal with an open interest of 6,950 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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