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Cottonseed oil cake futures on India's National Commodity and Derivatives Exchange fell Rs 9 to Rs 2,543 per quintal for May delivery on May 2. Analysts attributed the decline to weak spot markets and participants reducing bets.
Lower Indian cottonseed oil cake prices reflect soft domestic feed meal demand, a modest bearish signal for cottonseed meal supplies.
zeebiz.comPTIMay 2, 2024zeebiz.comMay 2, 2024Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
