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 selling by participants. The decline was seen in June delivery on the National Commodity and Derivatives Exchange.
New Delhi, May 7 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 22 to Rs 2,965 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 Rs 22 or 0.74 per cent at Rs 2,965 per quintal with an open interest of 52,570 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 Rs 22 or 0.74 per cent at Rs 2,965 per quintal with an open interest of 52,570 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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