Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures fell on the National Commodity and Derivatives Exchange due to weak spot market trends and selling pressure from participants.
New Delhi, Apr 8 (PTI) Cottonseed oil cake prices fell Rs 36 to Rs 2,914 per quintal in futures trade on Tuesday as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower Rs 36 or 1.24 per cent at Rs 2,914 per quintal with an open interest of 66,470 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 May delivery traded lower Rs 36 or 1.24 per cent at Rs 2,914 per quintal with an open interest of 66,470 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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