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Cottonseed oil cake futures on India's NCDEX fell Rs 36 to Rs 2,701 per quintal on Wednesday for August delivery, a 1.33% drop. Open interest was 1,900 lots.
Analysts blamed sell-offs by participants amid subdued spot market trends.
Weak spot demand and selling pressure point to softer Indian cottonseed meal prices, which lowers feed input costs for local cattle-feed buyers. The move is a routine price change with no new supply or policy cause.
dailypioneer.comPTIAug 18, 2022Not 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.
