Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on Tuesday due to weak trends in the spot market and selling by participants. The NCDEX saw a decrease of Rs 3 per quintal for February delivery.
New Delhi, Jan 7 (PTI) Cottonseed oil cake prices on Tuesday declined Rs 3 to Rs 2,797 per quintal in futures trade as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for February delivery traded lower Rs 3 or 0.11 per cent at Rs 2,797 per quintal with an open interest of 35,060 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 February delivery traded lower Rs 3 or 0.11 per cent at Rs 2,797 per quintal with an open interest of 35,060 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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