Cottonseed oil cake prices lost Rs 8.50 to Rs 1,290.50 per quintal in futures trade today on narrowing of holdings by the investors amid weak physical demand.
Market players said sluggish demand for animal feed makers amid ample stocks in the spot markets led to the downtrend.
At the National Commodity and Derivatives Exchange platform, cottonseed oil cake delivery for June slipped by Rs 8.50 or 0.65 per cent to Rs 1,290.50 per quintal, in an open interest of 1,69,600 lots.
In a similar way, the delivery of May contract looked down by Rs 4.50 or 0.34 per cent to Rs 1,304 per quintal with an open interest of 15,330 lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app