Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell Rs 2 to Rs 2,680 per quintal in futures trade on Monday due to weak demand in the spot market.
New Delhi, Feb 17 (PTI) Cottonseed oil cake prices on Monday fell Rs 2 to Rs 2,680 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 2 or 0.07 per cent at Rs 2,680 per quintal with an open interest of 65,510 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 2 or 0.07 per cent at Rs 2,680 per quintal with an open interest of 65,510 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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