Cottonseed Oil Futures Decline on Soft Demand
Cottonseed oil cake futures prices fell Rs 6 to Rs 2,759 per quintal on weak demand in the spot market, according to the National Commodity and Derivatives Exchange (NCDEX).
New Delhi, Mar 18 (PTI) Cottonseed oil cake prices on Tuesday fell Rs 6 to Rs 2,759 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 Rs 6 or 0.22 per cent at Rs 2,759 per quintal with an open interest of 76,360 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 Rs 6 or 0.22 per cent at Rs 2,759 per quintal with an open interest of 76,360 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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