Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake prices fell in futures trade on Thursday due to weak demand and subdued market trends. Read more about the decline in prices.
New Delhi, Feb 27 (PTI) Cottonseed oil cake prices on Thursday fell by Rs 18 to Rs 2,658 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 by Rs 18 or 0.68 per cent at Rs 2,658 per quintal with an open interest of 69,340 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 by Rs 18 or 0.68 per cent at Rs 2,658 per quintal with an open interest of 69,340 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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