Cottonseed Oil Futures Decline on Weak Demand
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Cottonseed oil cake prices fell in futures trade on Thursday due to weak demand and a sell-off by participants. Learn more about the market trends.
New Delhi, Apr 3 (PTI) Cottonseed oil cake prices fell Rs 9 to Rs 2,926 per quintal in futures trade on Thursday as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for May delivery traded lower Rs 9 or 0.31 per cent at Rs 2,926 per quintal with an open interest of 53,150 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 May delivery traded lower Rs 9 or 0.31 per cent at Rs 2,926 per quintal with an open interest of 53,150 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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