Cottonseed oil cake prices came down by Rs 6.50 to Rs 1,295 per quintal in futures trade on cutting down of bets by speculators in tandem with a weak trend at the spot markets.
Marketmen attributed the fall in cottonseed oil cake prices at futures trade to trimming of bets by participants amid a weak trend at the physical markets.
Besides, ample stocks in the market, too, kept pressure on prices, they added.
At the National Commodity and Derivatives Exchange, cottonseed oil cake to delivered in July was trading lower by Rs 6.50 or 0.50 per cent to Rs 1,295 per quintal, in an open interest of 57,960 lots.
Also, the most-traded delivery in June edged down by Rs 6 or 0.47 per cent to Rs 1,273.50 per quintal, with the business turnover of 1,70,320 open lots.
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