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Cottonseed oil cake futures dip on weak physical sentiment

Press Trust of India  |  New Delhi 

cake prices fell Rs 31 to Rs 1,754.50 per in futures trade today on offloading of positions by participants amid a weak trend in the domestic spot markets. At the National Commodity and Derivative Exchange, cake for delivery in January slipped Rs 31, or 1.74 per cent, to Rs 1,754.50 per with a business turnover of 34,440 lots. Likewise, the delivery for February contracts dropped Rs 29, or 1.45 per cent, to Rs 1,770 per with a business turnover of 80,650 open lots. Marketmen said a weak trend in spot markets due to constant supplies amid scattered demand from animal feed makers led to fall in prices.

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

First Published: Mon, January 08 2018. 12:55 IST
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