Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on Friday due to weak demand in spot markets. Prices fell Rs 40 to Rs 2,906 per quintal on the National Commodity and Derivatives Exchange.
New Delhi, Jul 19 (PTI) Cottonseed oil cake prices on Friday declined Rs 40 to Rs 2,906 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 July delivery fell Rs 40 or 1.38 per cent to Rs 2,906 per quintal with an open interest of 230 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 July delivery fell Rs 40 or 1.38 per cent to Rs 2,906 per quintal with an open interest of 230 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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