Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures prices fell on Friday due to weak demand and a sell-off by participants. Learn more about the factors affecting the cottonseed oil market.
New Delhi, Apr 25 (PTI) Cottonseed oil cake prices on Friday fell Rs 4 to Rs 2,951 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 May delivery traded lower Rs 4 or 0.14 per cent at Rs 2,951 per quintal with an open interest of 72,470 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 4 or 0.14 per cent at Rs 2,951 per quintal with an open interest of 72,470 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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