Cottonseed Oil Futures Decline on Weak Demand
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Cottonseed oil cake prices fell to Rs 3,175 per quintal in futures trade due to soft demand and sell-off by participants. National Commodity and Derivatives Exchange saw lower August delivery.
New Delhi, Jul 25 (PTI) Cottonseed oil cake prices on Friday fell marginally to Rs 3,175 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 Re 1 or 0.03 per cent at Rs 3,175 per quintal with an open interest of 73,410 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 Re 1 or 0.03 per cent at Rs 3,175 per quintal with an open interest of 73,410 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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