# Cottonseed oil cake futures dip on muted spot demand

> 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.

- Date: 2019-06-24 · published 2019-06-24T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/58717-cottonseed-oil-cake-futures-dip-on-muted-spot-demand
- Commodities: [Cottonseed Meal](https://feedsoft.ai/c/CSM.md)

## Why it matters

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.

## Read by commodity

- CSM: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/cottonseed-oil-cake-futures-dip-on-muted-spot-demand-119062400551_1.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.