Cottonseed oil cake prices went down by Rs 25 to Rs 1,693.50 per quintal in futures trade today as participants indulged in liquidation of bets in tandem with a subdued trend at the physical markets.
Marketmen said continued offloading of positions by investors tracking a subdued trend at the spot markets due to ample stocks on persistent supplies in the market amid ongoing good monsoon rains, mainly weighed on the prices of cottonseed oil cake in futures trade.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in July dropped by Rs 25, or 1.45 per cent, to Rs 1,693.50 per quintal, having an open interest of 540 lots.
Similarly, contracts for delivery in August eased by Rs 13, or 0.74 per cent, to Rs 1,754 per quintal, showing an open interest of 1,04,520 lots.
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