Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake futures decline on soft demand. Prices fell Rs 5 to Rs 2,930 per quintal due to weak spot market trends.
New Delhi, Sep 12 (PTI) Cottonseed oil cake prices on Friday fell Rs 5 to Rs 2,930 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 5 or 0.17 per cent at Rs 2,930 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 5 or 0.17 per cent at Rs 2,930 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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