Cottonseed oil cake futures prices decreased on Tuesday due to weak demand in spot markets. Analysts cited a sell-off by participants as the primary factor.
New Delhi, May 7 (PTI) Cottonseed oil cake prices on Tuesday decreased Rs 7 to Rs 2,622 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 7 or 0.27 per cent to Rs 2,622 per quintal with an open interest of 49,430 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.
DISCLAIMER - This article is from a syndicated feed. The original source is responsible for accuracy, views & content ownership. Views expressed may not reflect those of rediff.com India Limited.
© 2024 Rediff.com India Limited. All rights reserved. Disclaimer - Terms of Service - Privacy Policy - Feedback