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Cottonseed oil futures slide on soft demand

New Delhi,  Cottonseed oil cake prices on Wednesday declined by Rs 8 to Rs 1,788 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 December delivery fell by Rs 8, or 0.45 per cent, to Rs 1,788 per quintal with an open interest of 22,390 lots.

Cottonseed oil cake for January delivery went down by Rs 8, or 0.45 per cent, to Rs 1,789 per quintal in 3,810 lots. PTI