Cottonseed oil cake prices further dropped by Rs 16 to Rs 1,382 per quintal in futures trading today as participants trimmed portfolios in line with weak spot markets lead.
Market players attributed the continuous downtrend in cottonseed oil cake futures prices to ample availability of stocks on steady inflow of supplies.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for May slipped by Rs 16, or 1.14 per cent, to Rs 1,382 per quintal, having an open interest of 1,83,630 lots.
Similarly, the delivery for April weakened by Rs 13, or 0.94 per cent, to Rs 1,370.50 per quintal, in a business turnover of 1,700 open lots.
Disclaimer: No Business Standard Journalist was involved in creation of this content
