Cottonseed Oil Cake Prices Decline in Futures Trading
New Delhi, March 25 – The prices of cottonseed oil cake experienced a decrease in futures trading on Wednesday, falling by Rs 24 to Rs 3,455 per quintal. This decline followed weak trends observed in the spot market.Futures Trading Details
Cottonseed oil cake for April delivery on the National Commodity and Derivatives Exchange saw a decrease of Rs 24, representing a 0.69 percent reduction, settling at Rs 3,455 per quintal. The open interest for the April contract stood at 55,760 lots.Analyst Insights
Analysts attributed the price decrease to selling pressure from traders at existing price levels, influenced by a generally subdued market trend.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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