Cottonseed oil cake futures fall on muted spot demand

Cottonseed oil cake prices drifted lower by Rs 15 to Rs 1,499 per quintal in futures trade today after participants liquidated positions, triggered by a weak trend at the physical markets due to low demand.
Marketmen said offloading of positions by participants due to a weak trend at the spot markets on subdued demand against persistent arrivals from growing belts, weighed on cottonseed oil cake prices in futures trade here.
At the National Commodity and Derivative Exchange, cottonseed oil cake to be delivered in most-traded December contracts dropped by Rs 15 or 0.99 per cent to Rs 1,499 per quintal, with the business turnover of 81,810 open lots.

Similarly, the delivery for the far-month January 2018 contracts fell by Rs 15 or 0.98 per cent to Rs 1,514 per quintal, in a business turnover stood in 12,150 open lots.