mandi bhav of india

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Cottonseed oil futures fall

Cottonseed oil cake prices on Monday declined by Rs 7 to Rs 1,795 per quintal in futures trade as participants reduced their bets tracking a weak trend in spot market.

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

On the National Commodity and Derivatives Exchange, cottonseed oil cake for September delivery fell by Rs 7, or 0.39 per cent, to Rs 1,795 per quintal with an open interest of 29,940 lots.

Likewise, Cottonseed oil cake for December delivery went down by Rs 3, or 0.16 per cent, to Rs 1,837 per quintal in 13,980 lots. PTI