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. August delivery traded lower at Rs 3,160 per quintal.
New Delhi, Jul 16 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 20 to Rs 3,160 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 20 or 0.63 per cent at Rs 3,160 per quintal with an open interest of 63,400 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 20 or 0.63 per cent at Rs 3,160 per quintal with an open interest of 63,400 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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