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Cottonseed oil cake futures dip on soft demand

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Press Trust of India New Delhi
Last Updated : Jan 13 2020 | 1:30 PM IST

Cottonseed oil cake prices on Monday fell by Rs 17 to Rs 2,133 per quintal in futures trade as participants reduced their bets amid a weak trend in 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 January fell by Rs 17, or 0.79 per cent, to Rs 2,133 per quintal with an open interest of 22,810 lots.

Cottonseed oil cake for delivery in February went down by Rs 19, or 0.87 per cent, to Rs 2,157 per quintal in 91,580 lots.

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First Published: Jan 13 2020 | 1:30 PM IST

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