Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on Monday due to soft demand and weak trends in spot markets. Read more about the market analysis and trends.
New Delhi, Nov 25 (PTI) Cottonseed oil cake prices on Monday declined 0.37 per cent to Rs 2,704 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 10 or 0.37 per cent at Rs 2,704 per quintal with an open interest of 19,340 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 10 or 0.37 per cent at Rs 2,704 per quintal with an open interest of 19,340 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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