Cottonseed Oil Futures Decline on Weak Demand
By Rediff Money Desk, New Delhi Dec 03, 2024 12:52
Cottonseed oil cake futures prices declined on Tuesday due to weak demand in spot markets. Participants reduced their bets, leading to a drop of Rs 21 per quintal on the National Commodity and Derivatives Exchange.
![Cottonseed Oil Futures Decline on Weak Demand](https://im.rediff.com/money/2016/jan/13oil.jpg?fr=money)
New Delhi, Dec 3 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 21 to Rs 2,671 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 0.79 per cent at Rs 2,671 per quintal with an open interest of 17,690 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 0.79 per cent at Rs 2,671 per quintal with an open interest of 17,690 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
MORE NEWS
![Kolkata Port...](https://im.rediff.com/80-80/money/2024/jan/29port.jpg)
Kolkata Port Leases Land for Eco-Wellness Hub
Syama Prasad Mookerjee Port, Kolkata, will lease 5 acres at Nature Park for an...
![HFCL Targets Rs...](https://im.rediff.com/80-80/money/2014/feb/14it4.jpg)
HFCL Targets Rs 10,000 Cr Revenue, Eyes...
HFCL, a domestic telecom gear maker, is aiming for Rs 10,000 crore revenue by...
![Godrej...](https://im.rediff.com/80-80/money/2019/nov/25pirojsha-godrej.jpg)
Godrej Properties: Rs 23,450 cr Projects, Land...
Godrej Properties acquired 12 land parcels for Rs 23,450 crore worth projects in...