Cottonseed oilcake futures shed Rs 23 per quintal

Cottonseed oil cake prices lost Rs 23 to Rs 1,935 per quintal in futures trading today after liquidations made by operators in line with weak physical markets.
Marketmen said trimming of positions by speculators tracking subdued spot market, mainly brought down the cottonseed oilcake prices at futures trade.
At the National Commodity and Derivative Exchange, cottonseed oil cake for delivery in May tumbled down by Rs 23 or 1.17 per cent to Rs 1,935 per quintal, showing an open interest of 33,300 lots.
In a similar manners, delivery in June too slipped by Rs 18 or 0.90 per cent to Rs 1,991 per quintal, with the business turnover of 98,110 open lots.