Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake futures prices fell on Friday due to weak demand in the spot market. Participants reduced their bets, leading to a decline of Rs 13 per quintal.
New Delhi, Feb 14 (PTI) Cottonseed oil cake prices on Friday fell Rs 13 to Rs 2,704 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 13 or 0.48 per cent at Rs 2,704 per quintal with an open interest of 60,470 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 13 or 0.48 per cent at Rs 2,704 per quintal with an open interest of 60,470 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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