Cottonseed oil cake futures ease on muted spot demand

Image
Press Trust of India New Delhi
Last Updated : May 02 2017 | 12:42 PM IST
Cottonseed oil cake prices dropped by Rs 14 to Rs 2,000 per quintal in futures trade today as speculators shortened bets in line with sluggish demand in spot markets.
Market players said trimming of positions by participants following fall in demand in physical markets mainly led to fall in cottonseed oil cake prices at futures trade here.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in June was trading lower by Rs 14, or 0.70 per cent, to Rs 2,000 per quintal, having an open interest of 47,480 lots.
Cottonseed for delivery in May too moved down by Rs 13, or 0.66 per cent, to Rs 1,957 per quintal, with a business turnover of 1,16,750 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: May 02 2017 | 12:42 PM IST

Next Story