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Cottonseed oil cake futures slip

Cottonseed oil cake prices on Tuesday fell by Rs 30 to Rs 1,772 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 August fell by Rs 30, or 1.66 per cent, to Rs 1,772 per quintal with an open interest of 21,970 lots.

Also, Cottonseed oil cake for delivery in September went down by Rs 33, or 1.82 per cent, to Rs 1,784 per quintal in 35,610 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