Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices declined on the National Commodity and Derivatives Exchange due to weak demand and selling by participants.
New Delhi, Oct 1 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 33 to Rs 3,008 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 December delivery traded lower Rs 33 or 1.10 per cent at Rs 3,008 per quintal with an open interest of 19,410 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 December delivery traded lower Rs 33 or 1.10 per cent at Rs 3,008 per quintal with an open interest of 19,410 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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