mandi bhav of india

- Advertisement -

Cottonseed oil cake futures fall on soft demand

Cottonseed oil cake prices on Monday declined by Rs 35 to Rs 1,967 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 January delivery fell by Rs 35, or 1.75 per cent, to Rs 1,967 per quintal with an open interest of

65,390 lots.

Cottonseed oil cake for February delivery eased by Rs 32, or 1.58 per cent, to Rs 1,995 per quintal in 24,810 lots. PTI