Marketmen said the fall in cottonseed oilcake prices at futures trade was mostly attributed to cutting down of positions by participants, tracking a weak trend at the spot markets on weakness in other alternatives amid ongoing monsoon rains.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery this month contracts moved down by Rs 36 or 2.08 per cent to Rs 1,694 per quintal, in an open interest of 76,870 lots.
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