Cottonseed oil futures decline 1% as participants reduce bets

Cottonseed oil futures decline 1% as participants reduce bets

NEW DELHI: Cottonseed oil cake prices on Wednesday declined Rs 22 to Rs 2,477 per quintal in the futures trade, as participants reduced their bets tracking a weak trend in the spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for the May delivery fell Rs 22, or 0.88 per cent, to Rs 2,477 per quintal with an open interest of 69,190 lots.

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

About Author

Related posts