Cottonseed Oil Futures Fall on Weak Demand
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Cottonseed oil cake futures decline due to soft demand. December delivery trades lower on NCDEX. Analysts cite sell-off amid subdued market trend.
Photograph: Danish Siddiqui/Reuters
New Delhi, Oct 29 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 18 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 18 or 0.61 per cent at Rs 2,930 per quintal with an open interest of 17,360 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 18 or 0.61 per cent at Rs 2,930 per quintal with an open interest of 17,360 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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