Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake futures fell by Rs 19 to Rs 2,673 per quintal on Monday due to weak demand and sell-off by participants.
New Delhi, Mar 3 (PTI) Cottonseed oil cake prices on Monday fell by Rs 19 to Rs 2,673 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 April delivery traded lower by Rs 19 or 0.71 per cent at Rs 2,673 per quintal with an open interest of 19,680 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 April delivery traded lower by Rs 19 or 0.71 per cent at Rs 2,673 per quintal with an open interest of 19,680 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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