India, June 1 -- Cottonseed oil cake futures traded lower on Monday as subdued demand in the physical market prompted traders to reduce their positions.
On the National Commodity and Derivatives Exchange (NCDEX), the July delivery contract slipped by Rs 18, or 0.49 per cent, to Rs 3,663 per quintal. Open interest in the contract stood at 19,650 lots.
Market analysts attributed the decline to profit booking and reduced participation by traders amid soft spot market demand. The overall weak market sentiment continued to weigh on prices in the futures segment.
Published by HT Digital Content Services with permission from Dion Global Solutions Limited....