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 by Rs 74.
New Delhi, Jul 28 (PTI) Cottonseed oil cake prices on Monday fell Rs 74 to Rs 3,217 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 74 or 2.30 per cent at Rs 3,217 per quintal with an open interest of 70,380 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 74 or 2.30 per cent at Rs 3,217 per quintal with an open interest of 70,380 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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