Cottonseed oil cake futures shed Rs 18 per quintal

Cottonseed oil cake prices fell by another Rs 18 to Rs 1,518 per quintal in futures trade as traders indulged in offloading of positions in the wake of weak spot markets.
Marketmen said that the downfall in cottonseed oil cake prices was reducing of exposure by participants, tracking a weak trend at the spot markets on increased supplies from growing regions.
Besides, muted demand from animal feed makers too put pressure on cottonseed oil cake prices, they added.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery in September contracts slipped by Rs 18 or 1.17 per cent to Rs 1,518 per quintal, having an open interest of 26,020 lots.

Likewise, delivery in December contracts declined by Rs 9 or 0.59 per cent to Rs 1,515 per quintal, clocking an open interest of 57,160 lots.