Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake prices fell by Rs 6 to Rs 2,718 per quintal in futures trade due to weak trends in the spot market.
New Delhi, Feb 20 (PTI) Cottonseed oil cake prices on Thursday fell by Rs 6 to Rs 2,718 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 by Rs 6 or 0.22 per cent at Rs 2,718 per quintal with an open interest of 66,460 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 by Rs 6 or 0.22 per cent at Rs 2,718 per quintal with an open interest of 66,460 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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