Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake prices fell in futures trade on Thursday, driven by weak demand in spot markets and selling pressure from participants.
New Delhi, Feb 1 (PTI) Cottonseed oil cake prices on Thursday decreased Rs 11 to Rs 2,475 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 February delivery fell Rs 11 or 0.44 per cent to Rs 2,457 per quintal with an open interest of 49,280 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 February delivery fell Rs 11 or 0.44 per cent to Rs 2,457 per quintal with an open interest of 49,280 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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