Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake futures prices declined in India due to soft demand and weak trends in the spot market. August delivery saw a 0.25% decrease.
New Delhi, Jul 7 (PTI) Cottonseed oil cake prices on Monday fell Rs 8 to Rs 3,241 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 August delivery traded lower Rs 8 or 0.25 per cent at Rs 3,241 per quintal with an open interest of 34,780 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 August delivery traded lower Rs 8 or 0.25 per cent at Rs 3,241 per quintal with an open interest of 34,780 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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