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Cottonseed oil cake futures slip on muted demand

Cottonseed oil cake prices on Monday fell by Rs 5 to Rs 1,927 per quintal in futures trade as participants reduced their bets amid a weak trend at the spot market.

Market players said sell-off by participants at the existing levels amid subdued trend in market mainly weighed on cottonseed oil cake prices.

On the National Commodity and Derivatives Exchange, cottonseed oil cake to be delivered in February fell by Rs 5, or 0.26 per cent, to Rs 1,927 per quintal with an open interest 71,370 lots.

Cottonseed oil cake for delivery in March went down by Rs 6, or 0.31 per cent, to Rs 1,952 per quintal in 28,310 lots. PTI