Cottonseed Oil Futures Decline on Weak Demand
By Rediff Money Desk, New Delhi Nov 14, 2024 13:38
Cottonseed oil cake prices fell in futures trading on Thursday due to weak spot market trends and reduced bets by participants.
New Delhi, Nov 14 (PTI) Cottonseed oil cake prices on Thursday declined Rs 21 to Rs 2,923 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 December delivery traded lower by Rs 21 or 0.72 per cent at Rs 2,923 per quintal with an open interest of 17,280 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 December delivery traded lower by Rs 21 or 0.72 per cent at Rs 2,923 per quintal with an open interest of 17,280 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.
Source: PTI
Read More On:
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
You May Like To Read
TODAY'S MOST TRADED COMPANIES
- Company Name
- Price
- Volume
- Vodafone Idea L
- 6.98 (+ 4.65)
- 60677014
- Srestha Finvest
- 0.61 ( -3.17)
- 34071844
- AvanceTechnologies
- 0.94 (+ 1.08)
- 20697315
- Standard Capital
- 1.00 ( -0.99)
- 13454274
- GTL Infrastructure
- 2.02 ( 0.00)
- 11915413
MORE NEWS
BIS Prioritizes Standards for 214 Critical...
The Bureau of Indian Standards (BIS) is developing standards for 214 critical medical...
Adani Group Stocks Dip After TotalEnergies...
Shares of five Adani group firms ended lower on Monday, with Adani Green Energy...
IAI Launches Startup Acceleration Program in India
Israel's IAI announces an innovation acceleration program for Indian startups focused...