Cottonseed oil cake prices drifted lower by Rs 21 to Rs 1,432.50 per quintal in futures trade today on cutting down of exposures by investors, driven by weakness in spot markets.
Market players attributed the fall in cottonseed oil cake futures prices to downbeat sentiments in spot markets due to feeble demand for animal feed makers amid rising stocks.
Cottonseed oil cake is a major source of livestock feed.
At the National Commodity and Derivative Exchange counter, cottonseed oil cake delivery for March receded by Rs 21, or 1.44 per cent, to Rs 1,432.50 per quintal with an open interest of 43,400 lots.
The delivery of April contract slipped Rs 20.50, or 1.38 per cent, to Rs 1,461.50 per quintal, with an open interest of 1,41,770 lots.
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