Cottonseed Oil Futures Decline: Soft Demand Impacts Prices
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Cottonseed oil cake futures fall on weak spot market trends. December delivery sees a dip on the NCDEX. Analysts cite sell-off pressure.
New Delhi, Sep 15 (PTI) Cottonseed oil cake prices on Monday fell Rs 10 to Rs 2,933 per quintal in futures trade as participants reduced their bets following weak trends in the spot market.
On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery traded lower by Rs 10 or 0.34 per cent at Rs 2,933 per quintal with an open interest of 11,340 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 December delivery traded lower by Rs 10 or 0.34 per cent at Rs 2,933 per quintal with an open interest of 11,340 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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