Cottonseed oil cake futures fall on weak cues

Cottonseed oil cake prices fell Rs 14.50 to Rs 1,740 per quintal in futures trade today on trimming of holdings by speculators in sync with a weak trend in the spot markets due to drop in demand from cattle feed makers.
Marketmen said fall in demand from animal feed makers along ample stocks position in the spot market attributed the fall in cottonseed oil cake futures.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery in February contracts, lost Rs 14.50, or 0.83 per cent, to Rs 1,740 per quintal in an open interest of 92,380 lots.

Likewise, the March contracts slipped Rs 13.50, or 0.76 per cent, to Rs 1,754 per quintal, in an open interest of 1,05,800 lots.