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. Read more on this market update.
New Delhi, Jul 17 (PTI) Cottonseed oil cake prices on Thursday fell Rs 6 to Rs 3,116 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 by Rs 6 or 0.19 per cent at Rs 3,116 per quintal with an open interest of 71,440 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 by Rs 6 or 0.19 per cent at Rs 3,116 per quintal with an open interest of 71,440 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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