Cottonseed oil cake prices fell by Rs 14 to Rs 1,376.50 per quintal in futures trade today on trimming of positions by participant in sync with weak spot market trend.
Market players mentioned the down tick in cottonseed oil
cake futures prices to sluggish demand for animal feed makers amid ample stocks on steady inflow of arrivals in spot markets.
At the National Commodity and Derivative Exchange, the delivery of the cottonseed oil cake April contracts moved down by Rs 14, or 1.01 per cent, to Rs 1,376.50 per quintal with an open interest of 3,720 lots.
The delivery of the most active May contracts also eased by Rs 9.50, or 0.68 per cent, to Rs 1,395 per quintal with a business turnover of 1,76,540 open lots.
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