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Cottonseed oil cake futures on India's National Commodity and Derivative Exchange fell Rs 10 to Rs 1,538 per quintal on September 18 as spot markets weakened on lower demand from animal feed makers. Trading turnover and open interest were recorded for the most-active October contract.
Weak feed-maker demand in India points to softer local cottonseed meal prices and reduced feed ingredient buying, a bearish signal for the cottonseed meal market.
business-standard.comPress Trust of IndiaSep 18, 2017Not 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.
