Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell in futures trade on Tuesday due to weak demand and sell-off by participants. The decline was attributed to subdued trends in spot markets.
New Delhi, Oct 8 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 15 to Rs 2,922 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 15 or 0.51 per cent at Rs 2,922 per quintal with an open interest of 19,930 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 15 or 0.51 per cent at Rs 2,922 per quintal with an open interest of 19,930 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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