Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil futures decline due to soft demand. December futures trade lower. Analysts cite sell-off amid subdued market trend.
Photograph: Dado Ruvic/Reuters
New Delhi, Sep 5 (PTI) Cottonseed oil cake prices on Friday fell Rs 7 to Rs 2,919 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 7 or 0.24 per cent at Rs 2,919 per quintal with an open interest of 3,360 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 7 or 0.24 per cent at Rs 2,919 per quintal with an open interest of 3,360 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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