Cottonseed oil cake futures fall on soft demand

New Delhi,  Cottonseed oil cake prices on Wednesday declined by Rs 13 to Rs 1,940 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 December delivery fell by Rs 13, or 0.67 per cent, to Rs 1,940 per quintal with an open interest of 28,890 lots.

Cottonseed oil cake for January delivery eased by Rs 8, or 0.41 per cent, to Rs 1,952 per quintal in 11,730 lots. PTI