Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell in futures trade on Tuesday due to weak spot market demand and sell-off by participants. Read more about the decline.
New Delhi, Feb 11 (PTI) Cottonseed oil cake prices on Tuesday slipped Re 1 to Rs 2,687 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 March delivery traded lower Rs 1 or 0.04 per cent at Rs 2,687 per quintal with an open interest of 55,330 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 March delivery traded lower Rs 1 or 0.04 per cent at Rs 2,687 per quintal with an open interest of 55,330 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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