Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices fell on Monday due to weak demand and a sell-off by participants. Read more on the decline in prices.
New Delhi, Dec 11 (PTI) Cottonseed oil cake prices on Monday fell Rs 21 to Rs 2,938 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery decreased Rs 21 or 0.71 per cent to Rs 2,938 per quintal with an open interest of 32,670 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 December delivery decreased Rs 21 or 0.71 per cent to Rs 2,938 per quintal with an open interest of 32,670 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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