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Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Monday fell by Rs 22 to Rs 1,860 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 May fell by Rs 22 or 1.17 per cent, to Rs 1,860 per quintal with an open interest of 35,520 lots.

Cottonseed oil cake for delivery in June went down by Rs 22, or 1.16 per cent, to Rs 1,881 per quintal in 16,040 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