Cottonseed oil cake prices declined by Rs 8.50 to Rs 1,267 per quintal in futures trading today on liquidation of holdings by speculators depressed by downbeat physical sentiment.
Market players said sliding prices in the spot markets due to muted demand for animal feed makers amid mounting of ready stocks mainly discouraged traders, denoting downtrend in cottonseed oil cake futures prices.
At the National Commodity and Derivatives Exchange counter, cottonseed oil cake for May moved down by Rs 8.50 or 0.67 per cent to Rs 1,267 per quintal, clocking an open interest of 68,360 lots.
The delivery of the most traded June contract too came down by Rs 2 or 0.16 per cent to Rs 1,257 per quintal, with a business turnover of 1,74,660 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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