Cottonseed oil futures slide on soft demand

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Press Trust of India New Delhi
Last Updated : Jan 14 2020 | 1:20 PM IST

Cottonseed oil cake prices on Tuesday fell by Rs 14 to Rs 2,091 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in January fell by Rs 14, or 0.67 per cent, to Rs 2,091 per quintal with an open interest of 16,570 lots.

Cottonseed oil cake for delivery in February went down by Rs 12, or 0.56 per cent, to Rs 2,115 per quintal in 92,610 lots.

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First Published: Jan 14 2020 | 1:20 PM IST

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