Cottonseed Oil Futures Decline on Weak Demand - PTI
Cottonseed oil cake prices fell in futures trade on Friday, driven by weak trends in spot markets and selling by participants. Learn more about the market trends.
New Delhi, Jan 5 (PTI) Cottonseed oil cake prices on Friday decreased Rs 8 to Rs 2,737 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 fell Rs 8 or 0.29 per cent to Rs 2,737 per quintal with an open interest of 29,670 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 fell Rs 8 or 0.29 per cent to Rs 2,737 per quintal with an open interest of 29,670 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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