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Cottonseed oil cake drops on subdued spot cues

Press Trust of India  |  New Delhi 

fell further by Rs 17.50 to Rs 1,643.50 per in futures trade today on continuous offloading of positions by speculators, driven by weak physical sentiment.

Market players said weakening trend in spot market due to mounting stocks amid limited buying by animal feed makers kept weak for the second straight day.

At the National Commodity and Derivative Exchange, for March contracts declined further by Rs 17.50, or 1.05 per cent, to Rs 1,643.50 per quintal, depicting an open interest of 1,47,760 lots.

Likewise, the commodity for delivery in February contracts fell by Rs 14.50, or 0.86 per cent, to Rs 1,665 per with an open interest of 33,740 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 15 2018. 12:10 IST