Cottonseed Oil Futures Decline on Weak Demand
Cottonseed oil cake futures prices fell on the National Commodity and Derivatives Exchange (NCDEX) due to weak demand and a subdued trend in spot markets.
New Delhi, Apr 19 (PTI) Cottonseed oil cake prices on Friday decreased Rs 26 to Rs 2,576 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 April delivery fell Rs 26 or 1.01 per cent to Rs 2,576 per quintal with an open interest of 550 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 April delivery fell Rs 26 or 1.01 per cent to Rs 2,576 per quintal with an open interest of 550 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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