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Cottonseed oil: Contracts fall due to low demand

08/07/2022
Categories: Raw materials

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The National Commodity and Derivatives Exchange on Thursday reported a decline in cottonseed cake costs in New Delhi. Prices fell by 70 rupees to 2,520 rupees per quintal.

In a context where, participants were reducing their bets following a weak trend in the spot market, cottonseed cake prices are recording declines. On the National Commodity and Derivatives Exchange, cottonseed cake for July delivery fell by Rs 70 or 2.70% to Rs 2,520 per quintal with an open interest of 45,320 lots. According to analysts, this was mainly due to participants selling at existing levels amid a moderate market trend.

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