Cottonseed oil cake futures fall over 2 pc on tepid demand
Cottonseed oil cake prices on Monday fell by Rs 43 at Rs 1,931 per quintal in futures trade as participants reduced their bets amid a weak trend at the spot market.
Market players said sell-off by participants at the existing levels amid subdued trend at the market mainly weighed on cottonseed oil cake prices.
On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in December fell by Rs 43, or 2.18 per cent, to Rs 1,931 per quintal with an open interest of 43,420 lots.
Cottonseed oil cake for delivery in January next year went down by Rs 42, or 2.1 per cent, to Rs 1,954 per quintal in 18,780 lots.
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