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Cottonseed oil cake futures fall on weak spot sentiment

Press Trust of India  |  New Delhi 

fell Rs 25.50 to Rs 1,694 per in futures trade today as speculators trimmed holdings, depressed by downbeat spot sentiment.

Market players said traders were cutting their bets in view of a fall in demand for animal feed makers amid ample availability of ready stocks in physical markets, which described weak tendency in oil cake futures prices.

At the National Commodity and Derivative Exchange, delivery for March contracts slipped Rs 25.50, or 1.48 per cent, to Rs 1,694 per quintal, with an open interest of 1,44,940 lots.

The delivery for the February contracts also fell by Rs 17, or 0.98 per cent, to Rs 1,709 per quintal, with an open interest of 47,750 lots.

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

First Published: Wed, February 14 2018. 11:40 IST