Cottonseed oil cake futures fall on soft demand

Cottonseed oil cake prices on Friday declined by Rs 13 to Rs 1,939 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for December delivery fell by Rs 13, or 0.67 per cent, to Rs 1,939 per quintal with an open interest of 27,060 lots.

Cottonseed oil cake for January delivery traded lower by Rs 16, or 0.82 per cent, to Rs 1,944 per quintal in 10,670 lots.


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