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Cottonseed oil cake futures in India dipped Rs 98.5, or 3.46%, to Rs 2,746 per quintal for July delivery on June 24, tracking muted spot demand. August contracts also fell about 3.6%.
Open interest in July contracts was 57,520 lots.
A sharp one-day drop reflects weak spot demand from feed buyers in India, which pushes cottonseed meal values lower. Continued soft demand would keep domestic meal prices under pressure.
business-standard.comBusiness StandardJun 24, 2019Not 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.
