Cottonseed oil cake futures fall on soft demand

Cottonseed oil cake prices on Tuesday declined by Rs 2 to Rs 2,103 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 domestic market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for February delivery fell by Rs 2, or 0.1 per cent, to Rs 2,103 per quintal with an open interest of 81,890 lots.


Cottonseed oil cake for March delivery traded lower by similar margins to Rs 2,129 per quintal in 65,190 lots.