Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Monday fell by Rs 17 to Rs 1,777 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 17, or 0.95 per cent, to Rs 1,777 per quintal with an open interest of 36,840 lots.

Cottonseed oil cake for delivery in September went down by Rs 17, or 0.96 per cent, to Rs 1,750 per quintal in 25,330 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