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 by Rs 16.
New Delhi, Jul 4 (PTI) Cottonseed oil cake prices on Friday fell Rs 16 to Rs 3,132 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 16 or 0.51 per cent at Rs 3,132 per quintal with an open interest of 65,600 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 16 or 0.51 per cent at Rs 3,132 per quintal with an open interest of 65,600 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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