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Cottonseed oil cake futures dip on subdued demand

Press Trust of India  |  New Delhi 

Cottonseed oil cake prices on Thursday fell by Rs 4 to Rs 1,806 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 February fell by Rs 4, or 0.22 per cent, to Rs 1,806 per quintal with an open interest 21,460 lots.

Cottonseed oil cake for delivery in March went down by Rs 5, or 0.27 per cent, to Rs 1,825 per quintal in 73,900 lots.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

First Published: Thu, February 13 2020. 13:34 IST