Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake prices fell in futures trading on Wednesday due to weak demand and selling by participants. The decline was attributed to subdued trends in the spot market.
New Delhi, Jan 8 (PTI) Cottonseed oil cake prices on Wednesday declined Rs 14 to 2,820 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 by Rs 14 or 0.50 per cent at Rs 2,820 per quintal with an open interest of 37,870 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 by Rs 14 or 0.50 per cent at Rs 2,820 per quintal with an open interest of 37,870 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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