Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures prices fell on Wednesday due to weak trends in the spot market and a sell-off by participants. Learn more about the decline.
New Delhi, Apr 30 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 20 to Rs 2,930 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 20 or 0.68 per cent at Rs 2,930 per quintal with an open interest of 2,930 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 20 or 0.68 per cent at Rs 2,930 per quintal with an open interest of 2,930 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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