No possibility of further slowdown in cotton oil cake

No possibility of further slowdown in cotton oil cake Cotton oil cake prices recently decreased by Rs 300 per quintal due to increase in supply and decrease in customer demand. There is no possibility of further slowdown in future. Cotton seed oil prices declined by Rs.300 to Rs.3050/3150 per quintal within a month due to increasing pressure of arrivals and weak demand. During the said period, the price decreased by Rs. 400 to Rs. 3300/3500 per quintal in the mandis of North India. The softening in cottonseeds also added to the slowdown. On the other hand, cotton seed oil April and May futures in NCDX also declined heavily due to increased selling by speculators. Due to weak demand for cattle feed, its price dropped by Rs.350 in Bathinda mandi to Rs.3400/3450. Due to customer support in Amravati line also, the price of cotton seed oil came down by Rs.350 to Rs.2600/2650 per quintal. . Due to softening trend in the prices of other animal feed and weak demand in the mandis of Haryana and Uttar Pradesh, the prices of cottonseed meal fell by Rs.250/- to Rs.300. In view of the heavy fall in the recent past, there is no possibility of further decline in cotton seed oil prices in the coming times. If the arrival pressure increases, it may fall further by Rs 100/150 per quintal, after that the market will be steady.

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