Cottonseed oil cake prices dropped by Rs 14 to Rs 2,000 per quintal in futures trade today as speculators shortened bets in line with sluggish demand in spot markets.
Market players said trimming of positions by participants following fall in demand in physical markets mainly led to fall in cottonseed oil cake prices at futures trade here.
At the National Commodity and Derivatives Exchange, cottonseed oil cake for delivery in June was trading lower by Rs 14, or 0.70 per cent, to Rs 2,000 per quintal, having an open interest of 47,480 lots.
Cottonseed for delivery in May too moved down by Rs 13, or 0.66 per cent, to Rs 1,957 per quintal, with a business turnover of 1,16,750 lots.
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