Cottonseed Oil Futures Decline on Weak Demand - PTI
Cottonseed oil cake futures prices fell on Monday due to weak demand and a sell-off by participants. Read more about the decline in futures trade.
New Delhi, Jan 1 (PTI) Cottonseed oil cake prices on Monday fell Rs 40 to Rs 2,762 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery decreased Rs 40 or 1.45 per cent to Rs 2,762 per quintal with an open interest of 36,980 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 January delivery decreased Rs 40 or 1.45 per cent to Rs 2,762 per quintal with an open interest of 36,980 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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