Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures prices fell on Monday due to weak demand and selling pressure in the spot market. Read more on the decline in prices.
New Delhi, May 26 (PTI) Cottonseed oil cake prices on Monday fell Rs 17 to Rs 3,011 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 17 or 0.56 per cent at Rs 3,011 per quintal with an open interest of 88,180 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 17 or 0.56 per cent at Rs 3,011 per quintal with an open interest of 88,180 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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