Cottonseed oil cake futures fall 0.22%

Cottonseed oil cake price fell 0.22 per cent to Rs 2,460.5 per quintal in futures trade Thursday as speculators offloaded their holdings in tune with a weak trend at the physical markets.

Marketmen said, slack in demand from cattle-feed makers mainly kept pressure on cottonseed oil cake prices.

At the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in May fell by Rs 5.5, or 0.22 per cent, to Rs 2,460.5 per quintal with an open interest of 88,280 lots.

However, cottonseed oil cake for June rose by 5 paise, or 0.02 per cent, to Rs 2,481 per quintal with a business turnover of 27,730 open lots.