1.Traders and stockists showed reduced buying interest, putting pressure on prices.
Cottonseed Oil Futures Decline Amid Weak Market Demand
Futures prices dip as spot market demand softens, traders reduce fresh buying interest
Futures Decline Amid Weak Market Demand
Summary
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Cottonseed oil cake prices on Monday slipped Rs 3 to Rs 3,355 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 September delivery traded lower by ₹3 or 0.09% at Rs 3,355 per quintal with an open interest of 16,240 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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