Cottonseed oil cake futures add losses

Cottonseed oil cake prices moved further down by Rs 13 to Rs 1,927 per quintal in futures trade today as traders were busy in minimising holdings in line with weak physical markets due to muted demand.
Marketmen said subdued demand from animal feed makers and constant arrivals in the spot markets, dragged down cottonseed oilcake prices at futures trade.
At the National Commodity and Derivative Exchange, cottonseed oil cake delivery for the most-active delivery in May was trading lower by Rs 13 or 0.67 per cent to Rs 1,927 per quintal, with an open interest of 1,04,500 lots.
The commodity for delivery in June also inched lower by Rs 12 or 0.60 per cent to Rs 1,980 per quintal, clocking an open interest of 61,280 lots.