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Cottonseed oil cake futures slip on low demand

Cottonseed oil cake prices on Thursday fell by Rs 22 to Rs 1,975 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 April fell by Rs 22, or 1.1 per cent, to Rs 1,975 per quintal with an open interest 23,950 lots. Cottonseed oil cake for delivery in May went down by Rs 17, or 0.84 per cent, to Rs 2,011 per quintal in 44,510 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