Cottonseed oil futures fall on soft demand

Cottonseed oil cake prices on Monday declined by Rs 66 to Rs 1,964 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 January delivery fell by Rs 66, or 3.25 per cent, to Rs 1,964 per quintal with an open interest of 70,820 lots.