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 2,918 per quintal. Analysts cite sell-off amid subdued market trend.
New Delhi, Oct 9 (PTI) Cottonseed oil cake prices on Thursday fell Rs 5 to Rs 2,918 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 2,918 per quintal with an open interest of 16,310 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 2,918 per quintal with an open interest of 16,310 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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