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Cottonseed oil cake futures on the National Commodity and Derivatives Exchange fell Rs 22 to Rs 2,737 per quintal for the July contract on Tuesday. Traders cut long bets after spot prices weakened on high stocks and soft demand from the soap, paint and lubricant industries.
Heavy Indian stocks and weak industrial demand point to softer domestic cottonseed meal values. Lower prices may ease feed costs for buyers in the region.
business-standard.comBusiness StandardMay 14, 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.
