Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures fell on the National Commodity and Derivatives Exchange (NCDEX) due to weak demand in the spot market. Prices declined by Rs 7 to Rs 2,918 per quintal.
New Delhi, May 5 (PTI) Cottonseed oil cake prices on Monday fell Rs 7 to Rs 2,918 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 June delivery traded lower by Rs 7 or 0.24 per cent at Rs 2,918 per quintal with an open interest of 42,990 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 June delivery traded lower by Rs 7 or 0.24 per cent at Rs 2,918 per quintal with an open interest of 42,990 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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