Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices declined on Monday due to weak demand in the spot market. Read more about the decline and its impact on the market.
New Delhi, Jan 27 (PTI) Cottonseed oil cake prices on Monday declined Rs 39 to Rs 2,719 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 39 or 1.43 per cent at Rs 2,719 per quintal with an open interest of 44,710 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 39 or 1.43 per cent at Rs 2,719 per quintal with an open interest of 44,710 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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