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Cottonseed oil cake futures fall on soft demand

New Delhi,  Cottonseed oil cake prices on Monday declined by Rs 41 to Rs 2,870 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 July delivery fell by Rs 41, or 1.41 per cent, to Rs 2,870 per quintal with an open interest of 78,490 lots.

Cottonseed oil cake for August delivery went down by Rs 42, or 1.4 per cent, to Rs 2,958 per quintal in 10,300 lots. PTI