Cottonseed oil cake prices fell by Rs 22 to Rs 2,737 per quintal in futures trade Tuesday as investors cut down their bets taking negative cues from the physical market.
Marketmen attributed the slide in cottonseed oil cake futures prices to a weak trend in spot market due to soaring stocks on constant supplies against slackness in demand from soap, paint and lubricant industries.
On the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for the most-traded July contract fell by Rs 22, or 0.8 per cent, to Rs 2,737 per quintal with a business turnover of 10,290 lots.
Cottonseed oil cake for delivery in August contracts dropped by Rs 16.5, or 0.6 per cent, to Rs 2,756 per quintal with an open interest of 3,150 lots.
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