Cottonseed oilcake prices weakened by Rs 15 to Rs 2,300 per quintal in future trading today as traders liquidated positions in line with subdued physical markets.
Marketmen said slackness in demand coupled with acceleration in supplies on higher levels in physical markets mainly discouraged traders, this led to fall in cottonseed prices here in future trading.
At the National Commodity and Derivative Exchange counter, cottonseed oilcake delivery for second contract March month declined by Rs 15 or 0.65 per cent to Rs 2,300 per quintal, in an open interest of 44,700 lots.
The delivery for most traded first contract February month fell by Rs 14 or 0.61 per cent to Rs 2,270 per quintal, with an open interest of 79,480 lots.
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