Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices fell on Tuesday due to soft demand and weak trends in spot markets. Read more about the decline in prices.
New Delhi, Feb 6 (PTI) Cottonseed oil cake prices on Tuesday decreased Rs 9 to Rs 2,491 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 9 or 0.36 per cent to Rs 2,491 per quintal with an open interest of 46,670 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 9 or 0.36 per cent to Rs 2,491 per quintal with an open interest of 46,670 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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