Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell by Rs 23 per quintal in futures trading on Monday due to weak demand and a subdued trend in the spot market.
New Delhi, Dec 2 (PTI) Cottonseed oil cake prices on Monday declined Rs 23 to Rs 2,727 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 by Rs 23 or 0.84 per cent at Rs 2,727 per quintal with an open interest of 18,690 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 by Rs 23 or 0.84 per cent at Rs 2,727 per quintal with an open interest of 18,690 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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