Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake prices declined in futures trade on Monday due to soft demand and a subdued trend in the spot market. Analysts attributed the fall to selling by participants.
New Delhi, May 12 (PTI) Cottonseed oil cake prices on Monday fell Rs 29 to Rs 2,922 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 June delivery traded lower by Rs 29 or 0.99 per cent at Rs 2,922 per quintal with an open interest of 74,880 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 June delivery traded lower by Rs 29 or 0.99 per cent at Rs 2,922 per quintal with an open interest of 74,880 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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