Cottonseed oilcake futures slide on weak spot cues
Cottonseed oilcake prices declined by Rs 21 to Rs 2,268 per quintal in futures trading today as speculators trimmed their positions amid a weak trend at the weak physical markets.
Cottonseed oilcake prices declined by Rs 21 to Rs 2,268 per quintal in futures trading today as speculators trimmed their positions amid a weak trend at the weak physical markets.
Marketmen said offloading of bets, tracking a weak trend at the spot markets on persistent supplies from growing regions amid weak demand, mainly weighed on trading sentiment.
At the National Commodity and Derivatives Exchange, cottonseed oilcake delivery for March shed Rs 21, or 0.92 per cent, to Rs 2,268 per quintal, in an open interest of 1,05,110 lots.
Also, cottonseed oilcake delivery for this month slipped by Rs 20, or 0.89 per cent, to Rs 2,236 per quintal, having an open interest of 12,580 lots.
(This article has not been edited by DNA's editorial team and is auto-generated from an agency feed.)