Cottonseed Oil Futures Decline
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Cottonseed oil cake futures slip on weak demand. September delivery trades lower. Analysts cite sell-off amid subdued market trend.
New Delhi, Aug 4 (PTI) Cottonseed oil cake prices on Monday slipped Rs 3 to Rs 3,355 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 September delivery traded lower by Rs 3 or 0.09 per cent at Rs 3,355 per quintal with an open interest of 16,240 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 September delivery traded lower by Rs 3 or 0.09 per cent at Rs 3,355 per quintal with an open interest of 16,240 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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