Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Thursday fell by Rs 25 to Rs 1,880 per quintal in futures trade as participants reduced their bets amid a weak trend at the spot market. On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in May fell by Rs 25, or 1.31 per cent, to Rs 1,880 per quintal with an open interest 36,750 lots. Cottonseed oil cake for delivery in June went down by Rs 21, or 1.09 per cent, to Rs 1,904 per quintal in 15,970 lots.

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