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Cottonseed Oil Futures Decline on Weak Demand

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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
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.
Source: PTI
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