Cottonseed Oil Futures Slip on Weak Demand
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Cottonseed oil cake futures fell on soft demand. Participants reduced bets amid weak spot market trends. February delivery details inside.
New Delhi, Jan 14 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 9 to Rs 3,329 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 February delivery traded lower by Rs 9 or 0.27 per cent at Rs 3,329 per quintal with an open interest of 51,140 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 February delivery traded lower by Rs 9 or 0.27 per cent at Rs 3,329 per quintal with an open interest of 51,140 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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