Cottonseed oilcake futures fall on soft spot demand

Image
Press Trust of India New Delhi
Last Updated : Feb 01 2016 | 12:28 PM IST
Cottonseed oilcake prices dropped by Rs 23 to Rs 2,015 per quintal in futures trading today as speculators indulged in trimming their exposure, triggered by weak physical market sentiment.
At the National Commodity and Derivative Exchange, cottonseed oilcake delivery for February month contracts declined by Rs 23, or 1.13 per cent to Rs 2,015 per quintal, with an open interest of 64,970 lots.
Also, delivery in March month delivery dipped by Rs 22, or 1.07 per cent to Rs 2,029 per quintal, in an open interest of 63,130 lots.
Marketmen offloading of positions by traders amid a weak trend at the domestic spot markets on supply pressure and weak demand, led to the fall in cottonseed oilcake prices at futures trade here.
*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 01 2016 | 12:28 PM IST

Next Story