Cottonseed oil futures decline on soft demand

Cottonseed oil futures decline on soft demand

New Delhi, Nov 22 (PTI) Cottonseed oil cake prices on Wednesday fell Rs 9 to Rs 2,968 per quintal in futures trade as participants reduced their bets following weak trends in spot markets.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery declined Rs 9 or 0.30 per cent to Rs 2,968 per quintal with an open interest of 40,670 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. PTI SHW ANU ANU

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