Cottonseed oil futures fall on soft demand

Cottonseed oil cake prices on Thursday declined by Rs 12 to Rs 2,008 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 12, or 0.59 per cent, to Rs 2,008 per quintal with an open interest of 65,720 lots.