Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and a sell-off by participants.
New Delhi, Feb 1 (PTI) Cottonseed oil cake prices on Saturday slipped Re 1 to Rs 2,714 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 March delivery traded lower Re 1 or 0.04 per cent at Rs 2,714 per quintal with an open interest of 31,920 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 March delivery traded lower Re 1 or 0.04 per cent at Rs 2,714 per quintal with an open interest of 31,920 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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