Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake futures prices fell on Monday due to weak demand in the spot market. The decline was attributed to a sell-off by participants amid a subdued trend.
New Delhi, Dec 23 (PTI) Cottonseed oil cake prices on Monday declined by Rs 6 to Rs 2,672 per quintal in futures trade, as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery traded lower by Rs 6 or 0.22 per cent at Rs 2,672 per quintal with an open interest of 35,170 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 January delivery traded lower by Rs 6 or 0.22 per cent at Rs 2,672 per quintal with an open interest of 35,170 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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