Cottonseed oilcake prices lost Rs 18 to Rs 1,058 per quintal in futures trading today following aggressive selling amid increased supply and reduced offtake in physical markets.
Market analysts said fall in demand against increased arrivals in the spot markets mainly influenced trading sentiments.
At the National Commodity and Derivatives Exchange, cottonseed oilcake for delivery in May declined by Rs 18, or 1.67% to Rs 1,058 per quintal, showing an open interest of 83,570 lots.
Cottonseed futures prices for delivery in June also decreased by Rs 18, or 1.61% to Rs 1,097 per quintal, with an open interest of 57,180 lots.
