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Cottonseed oil cake futures fall on soft demand

New Delhi,  Cottonseed oil cake prices on Friday declined by Rs 38 to Rs 2,810 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

Analysts said sell-off by participants at existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake for June delivery fell by Rs 38, or 1.28 per cent, to Rs 2,810 per quintal with an open interest of 25,500 lots.

Cottonseed oil cake for July delivery went up by Rs 34, or 1.16 per cent, to Rs 2,909 per quintal in 75,130 lots. PTI