Cottonseed oil cake prices lowered by Rs 6 to Rs 1,403.50 per quintal in futures trade today on liquidated of holdings by the participants amid faltering demand in spot markets.
Market players said traders were trimming their holdings in line with lingering demand in spot markets for animal feed makers, which resulted in a fall in cottonseed oil cake futures prices.
At the National Commodity and Derivative Exchange counter, cottonseed oil cake delivery for the most traded second contract May eased by Rs 6 or 0.43 per cent to Rs 1,403.50 per quintal, with the business turnover of 1,67,850 open lots.
Also, the delivery of the immediate contract April month shaded by Rs 4.50 or 0.33 per cent to Rs 1,379.50 per quintal, having an open interest of 30,780 lots.
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