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Cottonseed oil cake futures dip on weak physical demand

Press Trust of India  |  New Delhi 

prices drifted lower by Rs 21 to Rs 1,432.50 per in futures trade today on cutting down of exposures by investors, driven by weakness in spot markets.

Market players attributed the fall in futures prices to downbeat sentiments in spot markets due to feeble demand for animal feed makers amid rising stocks.

is a major source of livestock feed.

At the National Commodity and Derivative Exchange counter, for March receded by Rs 21, or 1.44 per cent, to Rs 1,432.50 per 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.

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

First Published: Mon, March 12 2018. 12:10 IST