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Cottonseed oil cake slip on weak cues

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Press Trust of India New Delhi
Last Updated : Dec 18 2019 | 12:55 PM IST

Cottonseed oil cake prices on Wednesday fell by Rs 9 to Rs 2,050 per quintal in futures trade as participants reduced their bets amid a weak trend at 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 December fell by Rs 9, or 0.44 per cent, to Rs 2,050 per quintal with an open interest of 3,280 lots.

Cottonseed oil cake for delivery in January went down by Re 1, or 0.05 per cent, to Rs 2,060 per quintal in 59,600 lots.

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First Published: Dec 18 2019 | 12:55 PM IST

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