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Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Friday fell by Rs 31 to Rs 1,804 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 31, or 1.69 per cent, to Rs 1,804 per quintal with an open interest of 37,880 lots.

Cottonseed oil cake for delivery in September went down by Rs 29, or 1.6 per cent, to Rs 1,787 per quintal in 24,100 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