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Cottonseed oil cake futures on India's National Commodity and Derivative Exchange fell Rs 6 to Rs 1,403.50 per quintal for May delivery. The decline followed position liquidation amid weak demand in spot markets from animal feed makers.
The April contract also dropped.
Weak spot demand from Indian feed makers points to softer domestic cottonseed meal prices in the near term.
business-standard.comPress Trust of IndiaApr 11, 2018Not 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.
