Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures prices fell on Thursday due to weak demand and selling by participants in the spot market. The decline was seen on the National Commodity and Derivatives Exchange (NCDEX).
New Delhi, Apr 24 (PTI) Cottonseed oil cake prices fell Rs 27 to Rs 2,990 per quintal in futures trade on Thursday 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 27 or 0.90 per cent at Rs 2,990 per quintal with an open interest of 76,030 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 27 or 0.90 per cent at Rs 2,990 per quintal with an open interest of 76,030 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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