Cottonseed Oil Futures Decline on Weak Demand
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Cottonseed oil cake prices fell in futures trade due to soft demand and subdued market trends. See the latest commodity market report.
New Delhi, Jul 2 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 29 to Rs 3,147 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 Rs 29 or 0.92 per cent at Rs 3,147 per quintal with an open interest of 70,370 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 Rs 29 or 0.92 per cent at Rs 3,147 per quintal with an open interest of 70,370 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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