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Cottonseed oil cake futures slip

Cottonseed oil cake prices on Friday fell by Rs 23 to Rs 1,972 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 July fell by Rs 23, or 1.15 per cent, to Rs 1,972 per quintal with an open interest of 16,430 lots.

Cottonseed oil cake for delivery in August went down by Rs 13, or 0.63 per cent, to Rs 2,058 per quintal in 42,150 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