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Cottonseed oil cake futures ease on spot demand

Press Trust of India  |  New Delhi 

oil cake prices lost Rs 8.50 to Rs 1,290.50 per in futures trade today on narrowing of holdings by the investors amid weak physical demand.

Market players said sluggish demand for animal feed makers amid ample stocks in the spot markets led to the downtrend.

At the National Commodity and Derivatives Exchange platform, oil cake delivery for June slipped by Rs 8.50 or 0.65 per cent to Rs 1,290.50 per quintal, in an open interest of 1,69,600 lots.

In a similar way, the delivery of May contract looked down by Rs 4.50 or 0.34 per cent to Rs 1,304 per with an open interest of 15,330 lots.

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

First Published: Wed, May 16 2018. 12:20 IST