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Cottonseed oil cake futures drop by Rs 22 per quintal

Press Trust of India  |  New Delhi 

prices fell by Rs 22 to Rs 2,737 per in futures trade Tuesday as investors cut down their bets taking negative cues from the physical market.

Marketmen attributed the slide in futures prices to a weak trend in spot market due to soaring stocks on constant supplies against slackness in demand from soap, and lubricant industries.

On the National Commodity and Derivatives Exchange, delivery for the most-traded July contract fell by Rs 22, or 0.8 per cent, to Rs 2,737 per with a business turnover of 10,290 lots.

Cottonseed oil cake for delivery in August contracts dropped by Rs 16.5, or 0.6 per cent, to Rs 2,756 per with an open interest of 3,150 lots.

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

First Published: Tue, May 14 2019. 14:41 IST