Cottonseed oil cake prices inched lower by Rs 8 to Rs 1,781.50 per quintal in futures trade today as traders trimmed positions in sync with negative physical markets sentiments.
Market players said the fall in cottonseed oil cake prices was mostly due to off-loading of positions by investors in line with a weak trend at the spot markets on sluggish demand from cattle feed makers against ample stocks position.
At the National Commodity and Derivatives Exchange counter, cottonseed oil cake delivery for the most-traded August shed Rs 8 or 0.45 per cent to Rs 1,7681.50 per quintal, with an open interest of 1,07,210 lots.
Similarly, the delivery for September eased by Rs 4 or 0.22 per cent to Rs 1,793.50 per quintal, showing an open interest of 49,670 lots.
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