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Cottonseed oilcake futures on India's National Commodity and Derivatives Exchange fell by about Rs 33 per quintal to Rs 4,012 for far-month April delivery. The decline followed position trimming amid weak spot demand from cattle-feed makers and increased supplies from growing regions.
Weaker Indian cattle-feed demand and rising supplies point to softer cottonseed meal prices in India. The move is a routine futures decline with limited effect on global feed markets.
business-standard.comPress Trust of IndiaFeb 21, 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.
