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Cottonseed oil cake futures fall 1% on weak spot demand

Press Trust of India  |  New Delhi 

fell by Rs 14 to Rs 1,376.50 per in futures trade today on trimming of positions by participant in sync with weak spot market trend.

Market players mentioned the down tick in oil

cake futures prices to sluggish demand for animal feed makers amid ample stocks on steady inflow of arrivals in spot markets.

At the National Commodity and Derivative Exchange, the delivery of the oil cake April contracts moved down by Rs 14, or 1.01 per cent, to Rs 1,376.50 per with an open interest of 3,720 lots.

The delivery of the most active May contracts also eased by Rs 9.50, or 0.68 per cent, to Rs 1,395 per with a business turnover of 1,76,540 open lots.

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

First Published: Tue, April 17 2018. 13:05 IST