Cottonseed oil cake prices came down by Rs 6.5 to Rs 2,766 per quintal in futures trade Monday as investors cut down their bets, taking negative cues from physical markets.
Marketmen attributed the slide in cottonseed oil cake prices to mounting stocks on constant supplies amidst slackness in demand from soap, paint and lubricant industries.
On the National Commodity and Derivatives Exchange, cottonseed oil cake contracts for June delivery fell by Rs 6.5, or 0.23 per cent, to Rs 2,766 per quintal with a business turnover of 70,490 lots.
Cottonseed oil cake for July delivery dropped by Rs 9.5, or 0.34 per cent, to Rs 2,796 per quintal with an open interest of 24,510 lots.
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