Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices fell on the National Commodity and Derivatives Exchange due to weak demand and a sell-off by participants. Learn more about the factors influencing the market.
New Delhi, Jan 11 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 9 to Rs 2,687 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for January delivery fell Rs 9 or 0.33 per cent to Rs 2,687 per quintal with an open interest of 16,150 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 January delivery fell Rs 9 or 0.33 per cent to Rs 2,687 per quintal with an open interest of 16,150 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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