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 spot market trends. August delivery traded lower on the National Commodity and Derivatives Exchange.
New Delhi, Jul 15 (PTI) Cottonseed oil cake prices on Tuesday fell Rs 21 to Rs 3,199 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 August delivery traded lower Rs 21 or 0.66 per cent at Rs 3,199 per quintal with an open interest of 56,140 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 August delivery traded lower Rs 21 or 0.66 per cent at Rs 3,199 per quintal with an open interest of 56,140 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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