Cottonseed oilcake futures prices fall by Rs 8

Image
Press Trust of India New Delhi
Last Updated : Mar 28 2017 | 1:07 PM IST
Extending its slide, cottonseed oilcake prices fell by another Rs 8 to Rs 2,172 per quintal in futures trade today, largely dragged down by a weak trend at the physical markets.
At the National Commodity and Derivative Exchange, cottonseed for delivery in May contracts moved down further by Rs 8, or 0.37 per cent, to Rs 2,172 per quintal, with an open interest of 63,710 lots.
Also, the cottonseed oil cake delivery for most-active April month contracts was lower by Rs 6, or 0.28 per cent, to Rs 2,137 per quintal, having an open interest of 96,420 lots.
Market players attributed the continuous fall in cottonseed oilcake prices at futures trade to slack demand from cattle feed makers.

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: Mar 28 2017 | 1:07 PM IST

Next Story