Cottonseed oil futures prices lapse on weak demand

Estimated read time 1 min read

New Delhi, Cottonseed oil cake prices on Tuesday fell by Rs 38 to Rs 2,954 per quintal in futures trade as traders reduced their positions following a weak trend in the spot market.

At the NCDEX, cottonseed oil cake contracts for December delivery fell by Rs 38, or 1.29 per cent, to Rs 2,954 per quintal in a business turnover of 7,890 lots.

Analysts said selling by traders at current levels amid sluggish market sentiment mainly led to the fall in cottonseed oil cake prices.

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