Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake futures decline due to soft demand. Prices fell Rs 16 to Rs 2,941/quintal. Learn more about the market trends.
New Delhi, Oct 7 (PTI) Cottonseed oil cake prices on Tuesday fell Rs 16 to Rs 2,941 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 16 or 0.54 per cent at Rs 2,941 per quintal with an open interest of 18,200 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 16 or 0.54 per cent at Rs 2,941 per quintal with an open interest of 18,200 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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