Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell on the National Commodity and Derivatives Exchange due to weak demand and selling by participants.
New Delhi, Feb 13 (PTI) Cottonseed oil cake prices on Thursday slipped Rs 5 to Rs 2,716 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 5 or 0.18 per cent at Rs 2,716 per quintal with an open interest of 58,220 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 5 or 0.18 per cent at Rs 2,716 per quintal with an open interest of 58,220 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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