Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake futures decline due to soft demand. September delivery trades lower. Analysts cite sell-off amid subdued market trend.
New Delhi, Aug 29 (PTI) Cottonseed oil cake prices on Friday fell Rs 10 to Rs 3,428 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 10 or 0.29 per cent at Rs 3,428 per quintal with an open interest of 30,760 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 10 or 0.29 per cent at Rs 3,428 per quintal with an open interest of 30,760 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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