Cottonseed oil cake prices came down by Rs 20.50 to Rs 1,431.50 per quintal in futures trading today on liquidation of bets at higher levels depressed by weak physical sentiments.
Market players said besides profit booking by speculators, subdued trend in spot markets due to increased supplies amid slackness in demand for animal feed makers mainly weighed on cottonseed oil cake futures prices.
At the National Commodity and Derivative Exchange counter, cottonseed oil cake delivery for the most traded second contract April declined by Rs 20.50 or 1.41 per cent to Rs 1,431.50 per quintal, having the business turnover of 1,53.960 open lots.
Similarly, the delivery of the immediate contract March turned down by Rs 15.50 or 1.08 per cent to Rs 1,419 per quintal, having an open interest of 10,680 lots.
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