Cottonseed Oil Futures Decline on Weak Demand
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Cottonseed oil cake prices fell in futures trade due to soft demand and weak trends in the spot market. July delivery traded lower on the National Commodity and Derivatives Exchange.
New Delhi, Jun 18 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 7 to Rs 3,196 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 July delivery traded lower by Rs 7 or 0.22 per cent at Rs 3,196 per quintal with an open interest of 88,930 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 July delivery traded lower by Rs 7 or 0.22 per cent at Rs 3,196 per quintal with an open interest of 88,930 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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