Don’t miss the latest developments in business and finance.

Cottonseed oil cake futures dip on subdued demand

Image
Press Trust of India New Delhi
Last Updated : Feb 13 2020 | 1:34 PM IST

Cottonseed oil cake prices on Thursday fell by Rs 4 to Rs 1,806 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in February fell by Rs 4, or 0.22 per cent, to Rs 1,806 per quintal with an open interest 21,460 lots.

Cottonseed oil cake for delivery in March went down by Rs 5, or 0.27 per cent, to Rs 1,825 per quintal in 73,900 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Feb 13 2020 | 1:34 PM IST

Next Story