Cottonseed oil cake drops on subdued spot cues

Image
Press Trust of India New Delhi
Last Updated : Feb 15 2018 | 12:10 PM IST
Cottonseed oil cake prices fell further by Rs 17.50 to Rs 1,643.50 per quintal in futures trade today on continuous offloading of positions by speculators, driven by weak physical sentiment.
Market players said weakening trend in spot market due to mounting stocks amid limited buying by animal feed makers kept cottonseed oil cake prices weak for the second straight day.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for March contracts declined further by Rs 17.50, or 1.05 per cent, to Rs 1,643.50 per quintal, depicting an open interest of 1,47,760 lots.
Likewise, the commodity for delivery in February contracts fell by Rs 14.50, or 0.86 per cent, to Rs 1,665 per quintal with an open interest of 33,740 lots.

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Feb 15 2018 | 12:10 PM IST

Next Story