Cottonseed oil cake prices tumbled 1.86 per cent to Rs 1,712 per quintal in futures trade today as participants sell-off holdings dampened by lower physical markets lead.
Marketmen said, mounting of stocks on regular supplies from producing areas coupled with slackness in demand for cattle-feed makers in the spot markets discouraged traders, they opted to down load their holdings, which reflected downturn in cottonseed oil cake futures prices.
At the National Commodity and Derivatives Exchange, cottonseed oil cake delivery for August dragged down by Rs 32.50, or 1.86 per cent, to Rs 1,712 per quintal, with an open interest of 57,820 lots.
Likewise, the delivery for September receded by Rs 30.50, or 1.72 per cent, to Rs 1,742.50 per quintal, clocking an open interest of 1,05,260 lots.
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