Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Wednesday fell by Rs 13 to Rs 1,797 per quintal in futures trade as participants reduced their bets amid a weak trend in spot market.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in August eased by Rs 13, or 0.72 per cent, to Rs 1,797 per quintal with an open interest of 27,780 lots.

However, cottonseed oil cake for delivery in September gained Rs 17, or 0.95 per cent, to Rs 1,815 per quintal in 28,540 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