Cottonseed oilcake prices were down by Rs 25 to Rs 1,884 per quintal in futures trading today following offloading of positions by participants amid a weak trend at the spot markets.
Marketmen said a weak trend at the spot markets on muted demand against persistent arrivals, mainly weighed on cottonseed oil prices at futures trade here.
At the National Commodity and Derivative Exchange, cottonseed oilcake for delivery in most-active December plunged by Rs 25 or 1.31 per cent to Rs 1,884 per quintal with an open interest of 64,630 lots.
Also, cottonseed oilcake for delivery in January contracts slid by Rs 22 or 1.15 per cent to Rs 1,897 per quintal, in an open interest of 45,190 lots.
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