Cottonseed Oil Futures Decline on Soft Demand
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Cottonseed oil cake futures prices fell on Wednesday due to weak demand in the spot market. Participants reduced their bets, leading to a decline of Rs 18 to Rs 2,981 per quintal.
New Delhi, May 28 (PTI) Cottonseed oil cake prices on Wednesday fell by Rs 18 to Rs 2,981 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 18 or 0.6 per cent at Rs 2,981 per quintal with an open interest of 86,930 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 June delivery traded lower by Rs 18 or 0.6 per cent at Rs 2,981 per quintal with an open interest of 86,930 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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